The 2018 financial year has ended, allowing for annual results and taxation to be finalised. In conjunction with that, the events and dates to note for the first quarter include:
Dividends to 2018 due date 20 April 2018:
For dividend RWT for dividends to apply to the 2018 years
Provisional Tax installment 3 due on 7 May 2018:
With tax changes, if payments of required instalments have been made, interest does not apply. After this date, for residual tax amounts greater than $60,000, interest begins.
Reminders for this payment will be sent to clients closer to this date.
Fringe Benefits tax due on 31 May 2018:
The end of year square up and final return for quarterly FBT payers is due.
Annual leave accrual - 2 June 2018:
Annual leave taken by employees to this date may be included as a deductible expense in 2018 taxation.