As we roll into the Christmas period, it’s important to keep ahead of your ATO reporting obligations. For businesses who have monthly BAS or IAS reporting, remember that the due date for your November BAS is the 21st December, 2020.
If your back office staff are taking leave over the next few weeks, it would be best to compile and lodge it before the Christmas break and key people are unavailable. Remember that the due date for payment is still the 21st, irrespective of if you submit your BAS early, so you can schedule the payment to come out a few days prior to the due date to try to mitigate any cash flow issues.
Do make sure that you give time for your payment to arrive by the due date to avoid any fines!