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March 2024: Navigating The Key Business Dates

March 2024 is here, and with it comes a fresh set of deadlines and opportunities for Australian small business owners.


At HelloLedger, we're committed to keeping you ahead of the curve, not just in compliance, but in leveraging March's unique potential for your business growth. Let's dive into the key dates and what they mean for you.





Key Dates for March 2024:

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  1. 7th March - February Monthly Payroll Tax: For businesses registered for Payroll Tax, make sure to submit your February wage information and pay the payroll tax calculated by this date.  

  2. 21st March - February Monthly BAS/IAS: Your Business Activity Statement (BAS) or Instalment Activity Statement (IAS) for February is due today, for those lodging on a monthly basis. Use this as a checkpoint for assessing your business's financial health and making necessary adjustments.

  3. 31st March - End of the FBT Year: The Fringe Benefits Tax (FBT) year concludes at the end of March. Review and ensure all fringe benefits provided to employees are recorded and ready for reporting. This is an excellent time to evaluate any FBT liabilities and plan accordingly.

 

March Tips from HelloLedger:

 

• 🍂 Autumn Adjustments: As we transition into autumn, consider the seasonal impact on your business operations and customer behaviour. Look for opportunities for introducing new promotions or adapting your product/service offerings.

 

• 🐣 Easter Marketing: With Easter around the corner, consider launching themed promotions or special offers. This is a great time to engage with your customers through festive discounts, Easter-themed products, or services, and even community events. Leverage this holiday to boost sales and visibility.

 

• 🏦Financial Health Check: Use the BAS/IAS deadline as a prompt for a broader financial review. Ensuring your financial records are accurate and up-to-date can provide valuable insights into your business's performance and areas for improvement.

 

• 📝 FBT Preparation: With the FBT year ending, it's crucial to have all your records in order. Consider consulting with a professional to ensure you're capturing all relevant data and complying with FBT obligations.

 

• 🌱 Growth Planning: Evaluate your business's current position and where you want to be by the end of the year. March is a great time to adjust your strategies to meet those year-end goals.


With HelloLedger by your side, March is not just about meeting deadlines; it's about strategic planning and growth. Let's make this month count for your business. Here's to a productive and successful March! 🚀💼📊

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