As of 1 October 2015 Online Accounting and Taxation Solutions has changed name to Affinitas Accounting, you have now been redirected to the new page.

Delaying Lodgement of Returns – BBQ Talk 21

Our neighbours suspect they will have a big tax bill for the 2015 year, but they don’t have the money to pay it. They’ve decided to delay lodging their 2015 return until December 2016 when they expect that they will have enough money to cover the tax they owe.

Ans (Jenelle from Affinitas)

Delaying lodgement in this manner is a mistake. The ATO takes a dim view of people who fall behind with their tax lodgement obligations and these taxpayers are more likely to be audited and fined.

Beryl’s neighbour would be better advised to lodge the return on time and then discuss with the ATO a payment arrangement for the debt.

If you are interested in the services that we offer and would like to have a chat with one of our friendly staff, please contact us on 3359 5244, visit our website or come see us in our Aspley Office and let us explain what we can do for you!

tax notice

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

Subscribe to Affinitas Accounting's newsletter for our latest updates, tips of the trade in your email inbox.

  • This field is for validation purposes and should be left unchanged.