Loss Carry Back Rules – 2023 Financial Year
The loss carry back rule allows an eligible company to obtain a refundable tax offset for losses that have been incurred in the 2019-2020 to 2022-2023 financial years. The 30 June 2023 financial year is the final year in which this offset can be claimed therefore it is a company’s final opportunity to recoup some previous tax liabilities.
ATO Key Dates for October 2023
The Australian Taxation Office has announced the following key dates to look out for in October 2023 21 October Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
