As the weather begins to warm up, don’t let the cold cloud of overdue ATO obligations rain on your day.
One of the many perks of lodging your tax return with a registered tax agent is the benefit of our lodgment extensions. But did you know that if you have one or more tax returns outstanding from prior years, this extended lodgment period does not apply? Overdue returns are subject to penalties and interest, but were you aware the outstanding obligations also burden you with an early due date of 31 October until you are back up to date?
Here at HQB Chartered Accountants, we pride ourselves on our on time lodgments so don’t hesitate to give us a call if you require assistance getting your outstanding ATO obligations up to date.
The information contained in this article is general in nature and does not take account any of your personal objectives, situations or needs. The information, therefore, does not constitute financial product advice. If you require personal advice you should consult an appropriately licenced person or authorised financial advisor, such as HQB Financial Solutions Pty Ltd.
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