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Archives: December 2010

  
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If you do not lodge  your overdue tax returns by 17th February 2010, you will receive a default assessment from the ATO and this will be based on taxable incomes included in the letter sent to you, together with any applicable administrative penalties.

To avoid a default assessment It is important to take action now and contact us to get your overdue returns lodged with the ATO as soon as possible.

What is a default assessment? 
This means that the ATO will be basing your tax returns on your previous years lodged and this could result in you paying more tax then necessary as well as incurring additional penalty charges.
 

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Posted by Sue Dikmen on: Tue Dec 7th at 08:56:03 PM