The ATO is coming down hard on late lodgements & payments

Over the last two years, since the onset of the COVID-19 pandemic, the Australian Taxation Office has been more lenient with lodgements and payments, allowing for more payment and lodgement deferrals and acknowledging the financial strain on so many taxpayers.

Recently, we have seen an end to this leniency with the ATO issuing hefty financial penalties for late lodgements of income tax returns and business activity statements. They have also begun to seek to recover tax debts that were previously “on hold” as they were deemed to be uneconomical to pursue.

If you are unsure of your lodgement obligations, please do not hesitate to call us on 07 5449 9955.

Tags:


New clients can receive a free 30 minute, no obligation session to see if we are the right fit for you and your business.