End of the Tax Year: ATO Requirements

End of Year Tax - ATO Requirements.png

Business financial planning and tax accounting services can help you comply with all ATO requirements your business needs to meet annually.

We have compiled a list of the ATO's annual tax filing requirements.

What individuals and business owners need to keep in mind, though, is that while the ATO provides assistance they also see to it that all tax requirements are met legally and on time. Acquiring tax accounting services goes a long way when it comes to staying compliant with ATO requirements. It is highly advisable for anyone without enough time and tax knowledge to seek the professional help to they avoid penalties and fines.

To ensure that you can still keep track of all tax requirements with the help of your adviser or accountant, here’s a checklist of ATO’s annual tax filing requirements:

Employee Payment Summaries

Employers are required to detail to employees the total amount of their earnings and the total amount of taxes paid on their behalf. It is a payment summary that shows just how much your business has paid each employee for the financial year. It will also include the amount your business has withheld from the payments.

There are various types of payment summaries that depend on the types of payments your business has made throughout the year. Ensure that you’ve got this all covered before the end of the financial year to avoid legal trouble with the ATO and your employees.

Payment Summaries are due on the 14th July.


Your June quarter super guarantee contributions are required to be paid by 28th July. The super guarantee contributions (SG) for each employee must be paid by each quarters’ due date (28th of each corresponding month after period end) to avoid receiving a further super guarantee charge for payments made after the due date.

The Super Guarantee Charge is made up of the SG shortfall calculated on your employee’s salary or wages, interest on those amounts (currently 10%) and administration fee of $20 per employee.

To avoid having to pay super guarantee charges for late payment, you may want to consider seeking tax accounting services to assist you in managing your super requirements.

Tax Return Lodgment

Lodging of tax returns will require you to prepare a number of documents. Payment summaries are also needed when filing your tax returns—whether you’ve received a payment or made a payment. Aside from summaries, financial documents and records that work out the amounts under each item of your tax return are required to be submitted to the ATO.
Take ATO compliance seriously to ensure your business’s long-term legal success.

To find out how else you can ensure your business’s consistent compliance with the ATO, you can download our free eBook, “Hiring a Virtual CFO to Boost Your Business”. You can also get in touch with us at HTA Advisory to receive professional and expert advice and assistance. 



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