Can I do an Australian company tax return through Quickbooks?

Hello user34918,

You'll have to set up GST first in QuickBooks so you can file your tax return. Let me guide you with the steps.

1. Click GST in the left hand menu.
2. Click Get Started. 
3. Click which Taxes you pay and how often.
4. Click Show other taxes to add additional taxes.
5. Click Save and Finish .
6. Click Done.

On that same page, you can prepare your business activity statement for your Australian company. You can read these articles for more information about:

• How to setup GST in QuickBooks Online?

• GST Settings Overview.

You can also check our blog for additional information about GST. 

Don't hesitate to reach out anytime if you need help with anything else.

I have the same question and I feel you are answering a different question. The company tax return if for the company tax, which is not the same thing as GST. The Quarterly IAS/BAS process does let you pay PAYG installments but these are based on an estimate of the final amount. At the end of the financial year these get reconciled/reported and you pay/get refunded the differences.

Thanks for joining this conversation, ZeroPointLabs.

You're referring to the Company income tax (PAYG Instalments), correct? If so, you can enable the income tax instalment reporting inside the GST centre in QuickBooks Online (QBO). This will also create a system-generated PAYG Instalment liabilities account.

For more information, consider checking out this article: GST Settings Overview.

Just in case, I'll add this article for future reference: Simpler GST FAQ.

Please let me know if you have any other concerns or issues in the comment section below. I'm more than happy to help. Have a great weekend!

That's right - end of year company tax return. Not BAS or PAYG. I've found Lodgeit that has an integration Quickbooks so all good. 

I have Income Tax Instalment enabled in the GST centre, however at the EOFY when I did my Company Tax Return I owed the ATO an extra payment for Company Tax.  This was paid directly and not via the QBO GST centre.  How do I categorise that Company Income Tax Payment when it appears on my bank statement.... and while you are at it, how would I allocate a Company Income Tax Refund if it ever appeared on my bank statement. 

Extra Payments and refunds are a common situation that happens annually for most businesses as the quarterly PAYG Instalments amounts are never that accurate as they are typically based on the previous year.