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Taxes are levied over a period of time. And taxes are calculated annually and taken once in a year. In Australia, the taxes are taken from 1st July of the first year to the 30th of June of the next year. This is considered as the calculating period of the tax return. So the people need to pay the tax according to the deadlines, depending on their earnings, expenditures, and other economical documents. The process is completed by filling out a form online. You must complete the entire process of tax return by October 31st of every year. And the taxes should be cleared within the designated period. However, if you fail to pay the tax within the stipulated time, it will be treated as an overdue tax return.<br><br><br>The name is such, because you have to pay tax with interest after the due date. The interest will be calculated according to the day, you are late in paying. So the entire process seems too onerous to the people. So our qualified and skilled chartered accountants are there to make it effortlessly. In case, If you are unable to file your tax return within the designated period, please feel free to come to us and explain the issues. Our amicable behavior and helping hand will solve your overdue tax return issues easily and professionally. One discussion with our expert chartered accountants will give you relief. The adequate services of our accountants is really admirable. If you think that your business will suffer for paying the extra charges on overdue tax return, then you don't have to worry about it. Our experts will give you a plan for the rest of your money again. And most importantly, they declare their costs before taking work from clients. Because they are damn experienced with successful small business planning, and SMSF. They are providing abundant, helpful services to the clients, like on tax return, auditing, consulting services, economics, data on account, etc. Our experts always give suggestions according to the clientsu2019 current situation and budget. They are always by their side in any situation<br><br>Phone no: 1300 762 329<br>Email: info@dky.com.au<br>Address: Suite 1, 6-12 Serich Lane, Northbridge, WA 6003<br>https://www.auditax.com.au/projects/tax-returns/<br>
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Overdue Tax Return Auditax Accountants
Our experienced tax return accounts have several years of experience in filling income tax return for the previous years but also for overdue tax return for years as old as 1990.Our team of experts strive hard and put their knowledge into use to get you the best return. Overdue Tax Return
Are there penalties for late tax returns? As mentioned above The AustralianTaxation Office (ATO) has the right to impose a penalty for lodging late Tax returnThey have a set formula for calculating the penalty. The penalty is charged @ 1penalty for a period of as long as 28 days or part therefrom that the file isoverdue, up to a maximum of 5 penalty units. The minimum penalty which ischarged for every Twenty-Eight days is Aus Dollar 210 or part thereof for the return which is overdue to a maximum amount of Aus Dollar 1050.
There are various criterion on which the ATO is more likely to charge a penalty for overdue Tax Return : • If there is more than one Overdue Tax return • Ifa person or a firm has a history of filling overdue Tax return • Ifa person or a firm have not fulfilled with an appeal to file their • tax return.
Why do I need a Tax return accountant to lodge my late tax returns? Unlikefilingof tax return for previous year which can be done online by an individual themselves, through MyTaxor Etaxfilling of Overdue Tax return needs a tax return accountant. We at Auditax make sure to check your tax account with the ATO in order to find out all the important information pertaining to tax returns and see how many outstanding tax returns are left. Feel free to get in touch with usand one of our customer service executives will help you with best of the service.
THANK YOU FOY YOUR ATTENTION! Phone no: 1300 762 329 Email: info@dky.com.au Address: Suite 1, 6-12 Serich Lane, Northbridge, WA 6003 Visit us: https://www.auditax.com.au
