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Contact Details

Smith Thornton Accountants
234 Stirling Tce
Albany, WA 6330
Australia

P 08 9842 5155
F 08 9842 5510
mail@smiththornton.com.au

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Tax Facts - Activity Statement

Businesses use activity statements to report and pay a number of tax obligations, including GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Non-business individuals who need to pay quarterly PAYG instalments also use activity statements.

Activity statements are personalised to each business or individual to support reporting against identified obligations.

Activity statements for businesses may be due either quarterly or monthly. Generally, businesses can lodge and pay quarterly if annual turnover is less than $20 million, and total annual PAYG withholding is $25,000 or less. Businesses that exceed one or both of those thresholds will have at least some monthly obligations. Non-business individuals are generally required to lodge and pay quarterly.

Businesses or individuals with small obligations may be able to lodge and pay annually. Some taxpayers may receive an instalment notice for GST and/or PAYG instalments, instead of an activity statement.

The Australian Taxation Office (ATO) web site provides instructions on lodging and paying activity statements. Detailed instructions are provided for each of the different tax obligations:

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Torndirrup Pty Ltd trading as Smith Thornton is a corporate authorised representative (No.472492) of NKH Knight Holdings Pty Ltd AFSL No.438631

General advice warning: Any recommendation or advice contained on this website is not intended to be financial or product advice and is for general information only. Readers should only act on information after having received professional advice appropriate to their personal circumstances. The information provided on this website is for use of a general nature only as is not intended to be relied upon as, nor to be a substituent for, specific professional advice. No responsibility for loss occasioned to any persons acting on or refraining from action as a result of any material in this publication can be accepted.