Tax Obligations for December and January

We know there’s a lot to get through before Christmas closedown. Spare a thought for your tax obligations for December and January. Cash flow is uneven for many businesses over this period. Whether you’re in a flurry of January sales or taking time off on the beach, having unforeseen tax due will be an unwelcome surprise.

Contact us if you’re unsure of your total tax obligations or need to consider options that might give you a bit more leeway. Some key dates to watch out for:

• 5 December:
  • PAYE. Large employers’ returns are due for the second half of November.
  • File employment information within two working days after payday.
• 20 December:
  • PAYE. Small employers’ return is due for November and large employers’ returns for the first half of December.
• 15 January:
  • Provisional Tax instalment due for Standard or Estimation Option taxpayers with March, July, or November balance dates. (Different dates will apply for those clients who have different balance dates.)
  • GST payment and return for November.
  • PAYE. Large employers’ return for the second half of December.
• 20 January:
  • PAYE. Small employers’ return is due for December and large employers’ returns for the first half of January.
  • NRWT / Approved Issuer Levy payment and return due.
  • RWT return and payment due for deductions from dividends and deductions of $500 or more from interest paid during December.
  • FBT return for December quarter.
• 28 January:
  • GST payment and return for December.

Contact us if you’re unsure of your total tax obligations or need to consider options that might give you a bit more leeway.