OVERDUE TAX RETURNS:
Do you have multiple year’s overdue tax returns to lodge?
No Problem! We can assist you to lodge up to 19 years of overdue tax returns. We can also help to apply for waiver of any penalty and organise a payment plan for you if you owe to ATO, and we can complete all of these via an in person appointment in our office, or alternatively, we can organise everything for you online.
It is mandatory for all taxpayers to lodge a tax return every year, however, sometimes life gets in the way and we end up with overdue tax returns. If you haven’t lodged your tax returns for many years or have any overdue tax returns, the ATO can issue interest as well as penalty. Not lodging your tax returns or lodging late could have serious consequences and you can end up in a bad position financially.
Don’t let this happen to you! Let us help you bring your taxes back up to date. If the ATO are on your back about your late tax returns, as soon as you bring them to us, we’ll let them know that we’re working on them and they’ll stop any further action, so you would have peace of mind.
What are the most common reasons for not filing returns on time?
The most common reason why people want to avoid lodgement of their tax returns is large tax payable amount, and soon enough with a blink of an eye, what was a single year’s worth of tax return becomes a few years’ worth. Needless to say, the ATO does not pursue this matter for a few years and a taxpayer believes it is fine not to lodge or delay. Once a few years’ worth is accumulated, the ATO actively pursues the matter believing there is a deliberate effort to avoid paying tax and at this point in time, this becomes a trouble.
Some OTHER COMMON REASONS of overdue TAX RETURNs:
- Unforeseen circumstances
- Financial Harder ship.
- Health & Family issues.
- Travel Overseas
- Commence a new business
- Ceased or close a business
When you appoint us as your accountant, you will not need to deal with the ATO yourself or speak to them at all. We will handle the communications part for you. If you have a tax debt or late fees, we can negotiate with the ATO on your behalf to minimize the cost for you as much as possible and also organise a payment plan for you, ensuring that your financial position is not drastically affected. We also have a high success rate of completely waiving ATO penalties and fines for many of our clients.
If you have received a penalty, warning or a notice from the ATO regarding late tax returns, then this is the perfect time to contact us and we’ll take care of this stressful process for you.
Our fee in returns to our services would be reasonable based on the complications of returns. We can lodge multiple years of overdue tax returns with foreign income, investment property, business schedules and so on and once we know what is required, we shall be able to provide a fixed fee for our service. The invoice we provide shall be tax deductible meaning you would be able to claim the full fee in your next financial year’s tax return.
We shall be able to retrieve many years’ worth tax related and property related information from the tax office directly and have different ways to be able to retrieve historical information on your behalf and get tax returns lodged and assessed by the tax office quickly.
Call us on 08 9386 0047 to book an appointment to see one of our friendly staff today, alternatively we shall be able to complete overdue tax returns with email correspondence.