Are you concerned that you haven’t lodged your tax return for some years? Have you been asked to lodge overdue returns by the ATO?
At Taubenschlag Accounting Xperts we have assisted many clients in managing their overdue tax obligations. We understand lodging your tax can be a stressful undertaking and aim to make it pain free.
We understand that information from past years may be difficult to track down, making the process of submitting these overdue returns seem overwhelming. As part of our role we are happy to do the leg-work and locate missing group certificates, any information on interest earned and share dividends.
Our track record in managing clients with overdue returns is extensive. Whether you have one or two year’s overdue returns, or several, we can assist you. We have assisted clients with up to 32 years of tax returns past due! It is common for us to lodge multi-year returns and we aim to manage this process to achieve the best outcome for our clients without incurring late penalties.
Our clients with multi-year returns have achieved refunds of up to $260,000.
The Australian Taxation Office is currently undertaking a program to identify individuals who have not met their taxation obligations. It is vital to lodge your returns prior to any request by the ATO to do so as this may avoid any penalty for late lodgement. Published penalties range from $900 to $4,500 for each overdue return with interest charged each year.
Contact Taubenschlag Accounting Xperts to assist you through this process.