Haven’t done your tax for this financial year ended 30 June 2018? Contact us before the ATO contacts you. You might even score a surprise refund.
If you’ve missed the October 31st tax deadline, there is no need to panic. If you are registered as a client of a registered tax agent, like SMART Business Solutions, then you can usually lodge well beyond that deadline without penalty. Tax agents are given concessional extended deadlines which mean that they can lodge returns on behalf of clients up to 15 May 2019 without incurring any penalty.
In practice, if you have a refund owing to you, we can usually help you avoid any penalties. Even if you do have a balance owing to the ATO, we can often have penalties and interest remitted if we get you right up to date with your current tax obligations.
Either way, contact us as soon as possible to ensure we can assist you in lodging on time!
You need SMART solutions for YOUR business, not just annual tax compliance! Get the SMART team working with you. Call SMART Business Solutions today on 03 5911 7000 or reception@smartbusinesssolutions.com.au.
Reflecting on the past 6 months, particularly since the effect of Coronavirus on financial markets, I am concerned that many investors do not have a clear and tailored investment strategy. My observations are that investors seem to be failing to understand one basic investment principle; 'The higher the return the higher the risk’.
The updated alternative tests released by the Commissioner of Taxation are broadly similar to the alternative tests that were released in connection with the original decline in turnover test. However, there are some key differences.
