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Procrastinating About Overdue Tax Returns?

Let Us Help Get You Up To Date

Overdue-tax-returns

When you have been involved in a business that completes thousands of tax returns each year, for more than 25 years, you’ve heard just about every excuse why people delay or avoid lodging their returns.

Regardless of the excuse you fall back on, the obligation to lodge a return does not go away via avoidance. Delaying returns may end up getting you in even more trouble with the ATO.

But for every excuse, there is an answer. Consider the following list of commonly used delay justifications and the help that can be provided:

It’s going to be too much work as I have been really bad at keeping records

(i) We can often access a lot of information about you directly from the ATO.
(ii) It’s never as bad as you think, we can help you by letting you know exactly what we need.
(iii) The longer you leave it the harder it’s going to get to reconstruct your income and deductions.

I am going to have a bill and cannot afford to pay

(i) If you end up with a debt owed to the ATO, most of the time we can get a payment arrangement for you that is within your capacity to afford.
(ii) Delaying the returns risks the bills getting bigger via late lodgement penalties and fines.

I am getting refunds so I will wait a few years to get a lump sum – the ATO won’t mind

(i) Yes the ATO does mind – late lodgements (even with refunds) can make it more likely you will be audited at some stage in the near future.
(ii) And if the ATO does owe you money – wouldn’t the money be better in your pocket?

I do not work or earn very little income, so don’t need to lodge a return

(i) This may well be true, but you may need to let the ATO know – especially if your circumstances have recently changed.

(ii) Even with no or low income, if you have rental properties or earn money via an ABN you may still need to lodge.

So what are the positives of keeping your tax lodgements up to date?

(i) If you are entitled to Centrelink payments, you need to keep your return lodgements up to date.
(ii) If you want any sort of finance, lenders usually require your tax returns to be up to date.
(iii) Avoiding ATO fines and penalty interest.
(iv) Avoiding default assessments from the ATO – where they include only income from the information they have, but no deductions – leaving you to pay more then you need.
(v) Child support obligations.

So whether it’s one year, three years or ten years, take the first important step towards getting your lodgements back on track by contacting us at or phone 07 3359 5244.

Need friendly advice? Talk to our staff today about how we can help your business succeed.

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  • I’ve been dealing with Affinitas Accounting for about 3 years now and I have found them to be nothing but friendly and helpful. I’m a Bookkeeper and on occasions have been stuck with various accounting problems. Affinitas have not hesitated to spend time with me until the problem was solved. Any queries or questions have always been answered in a timely manner.

  • I highly recommend coming here for all your tax needs! They explain everything you need to know about tax thoroughly and go about there jobs professionally, always leave here with a cheery smile and satisfaction.

  • Affinitas Accounting has been so helpful with the restructure of my business. They made it an easy process and explained it in a language that was easy to understand. My ongoing tax and gst is all prepared by them, they’ve really taken the stress out of it all to let me focus on growing my business.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Rebecca & Russel Johns

    Since moving to Affinitas Accounting we have a clear understanding of companies and trusts. We have no hesitation in saying the team here will meet and then exceed your expectations! I never feel like i am annoying them. Thank you Team Affinitas

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Paul Maclaine

    Affinitas has looked after all our financial needs for our business and personal tax returns. We have been with our accountant for 10+ years. I have no hesitation in recommending Affinitas to anyone looking for an accountant or any financial advise. We have always found and received friendly professional and practical advise.

  • For the past 6 years, Tammy has been lodging our tax. The team always spend the time to explain how things will affect us and always manage to maximise our returns. We highly recommend the team to anyone we speak to and have had friends move to do their future tax with the team at affinities accounting. Couldn’t recommend them highly enough.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Kirsty Whittaker

    I’ve been using Deb from Affinitas Accounting now for many years and have found her to be excellent in looking after my taxation needs. I’m in Tasmania, Affinitas Accounting is in Queensland and distance is no barrier. She understands my business needs, everything is done in a friendly and efficient manner and I happily recommend to anyone looking for ‘down to earth’ taxation advice.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    David Williams

    We’ve been with Affinitas Accounting for over 5yrs when they were known as Online Accounting & Taxation Solutions. From our initial phone call with Brad looking for an accounting team that would meet our expectations as well as provide efficient service, we’ve been really impressed with the team’s professionalism, knowledge & expertise.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Allyson O'Connell

    Debbie is our accountant and has been for seven years. She is thorough and always does what she can to honestly get us the best return but always adheres to the ATO guidelines. We recommend her to our friends and wouldn’t take our business to anyone else. Thanks Debbie.

  • We have only been with Affinitas Accounting for the past 12 months but in this time they have by far exceeded our expectations of an accountant and far surpassed previously used accountants.
    Affinitas are not just about annual returns, BAS statements etc, they take the time to get to know you enabling them to provide advise to help you work toward personal & business goals.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Mark D’Andrea

    Can’t fault Affinitas.

    Have been coming here for years (when it was then called online tax). Deb has been happy to always go the extra mile and doesn’t mind dispensing helpful advice throughout the year.

  • Tax Accountant & Financial Advisor Brisbane - Affinitas Accounting
    Deagon Fixing

    I have been a client of Affinitas Accounting (previously Online) for the past 8 years. It is like a one stop shopping experience, all my needs were addressed in the one office.

    Thanks Affinitas you for all your assistance and I would strongly recommend them to anyone to use

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