EP12 Navigating Tax Time: Essential Lodgements for Business Owners

In this episode of The Business BFF podcast, host Emma Bowdler, founder of ⁠The Women's Accountant⁠, demystifies the often overwhelming tax lodgements that business owners must handle. Emma covers the key lodgement types, including income tax returns, business activity statements (BAS), instalment activity statements (IAS), super guarantee contributions (SGC), fringe benefits tax (FBT), single touch payroll (STP), and tax file number declarations. She provides detailed timelines for each, shares tips for those who are behind on their lodgements, and stresses the importance of staying on top of tax obligations to alleviate stress. Emma also introduces a downloadable tax lodgement calendar to help listeners stay organised. This episode is a mix of practical advice and motivational support designed to help business owners navigate tax time smoothly. Don't miss the chance to get empowered and informed about your business taxes!00:00 Introduction to Tax Time00:38 Welcome to the Business BFF Podcast01:13 Understanding Income Tax Returns02:39 Business Activity Statements (BAS) Explained03:56 Instalment Activity Statements (IAS) Overview05:21 Super Guarantee Contributions (SGC)06:39 Special Lodgements: Fringe Benefits Tax and More09:29 Catching Up on Overdue Lodgements12:23 Staying on Track with Tax Obligations14:17 Conclusion and Final Thoughts