4th Quarter 2021

21 APRIL 2021

• March 2021 monthly activity statement - due date for lodgement and payment.

28 APRIL 2021

• Super guarantee contributions for Quarter 3 (January – March 2021) are to be made to the fund by this date. Employers who do not pay minimum super contributions for Quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement - quarterly (NAT 9599) with the ATO by 28 May 2021. Remember, the super guarantee charge is not tax deductible.

The Australian Taxation Office (ATO) has released a fact sheet to assist employers in determining the FBT consequences of any assistance they may have provided to employees in connection with working from home. The fact sheet covers many of the more common benefits provided and the exemptions or concessions that may potentially apply.

The Australian Taxation Office (ATO) has provided some guidance on the tax treatment for businesses who wish to repay amounts received under the JobKeeper scheme. This follows on from the decision by some large employers to repay JobKeeper payments to the ATO.

The Australian Taxation Office (ATO) has made two important announcements in relation to the single touch payroll (STP) system.

A legislative instrument has been released that extends the deadline for phase 2 reporting through STP from 1 July 2021 to 1 January 2022 (i.e., six-month extension). STP phase 2 will require additional payroll information to be reported to the ATO, which will be subsequently shared with Services Australia and other government agencies.