The tax office is like an elephant it never forgets when a taxpayer fails to lodge tax returns on time
or has many years of lodgment in arrears. We have the answer to take the guilt and stress out of this
type of situation. We have a great deal of success with late tax, generally you our owned substantial tax refunds.
Don't know where to start call us.
Late Tax Return: How to Do Your Overdue Tax Returns Do you have a previous year tax return that is overdue? Or maybe you have a few late tax returns you’ve been avoiding? This is not a good look for a law enforcement officer. Don’t worry: You’ve come to the right place. Our Teachers tax team contacts you with any questions or ideas for improving your tax refund. We have completed up to 25 years late in the past for clients not a bad effort. Your overdue tax return is never “too late” (and the ATO never forgets) If you have a late tax return, the sooner you do it, the better! The ATO is very clear about this: You must lodge a tax return for every year that you received any income. If you missed one year’s tax return, the ATO will never forget about it. The ATO often applies costly late fines and interest charges that grow and grow over time. Un-lodged late tax returns = the ATO takes even more of your money.
If you have a late tax return, lodge it as soon as possible. (The longer you wait, the more chance of ATO fines and interest charges.) If you lodge your late tax return now and you don’t owe the ATO any money, usually they won’t charge any late penalties*. It doesn’t matter if you have one late return or 15 overdue tax returns – the sooner you lodge your returns, the better. If your income is below the tax-free threshold or you had no income, you are still required to notify the ATO. Instead of lodging a late tax return, you’ll need to submit an ATO “Non-Lodgment Advice”. This lets the ATO know that you were not required to lodge a tax return that year. If you think this applies to you, please start and sign a return for the years you have outstanding. Then send us a message using “my messages” in the top menu. We’ll check your records with the ATO and confirm whether you need to lodge a late tax return or a Non-Lodgment Advice and we’ll help you get it done in no time.
The Teachers tax Multi late years online tax return is fast and simple.
1. Have your group certificates ready for late years
2. Register with us for any late certificates missing
3. Tell us your start year of late tax
4. We will advise of legal suggested tax deductions
5. 48 Hour service if less than 5 years late
6. 4/5 days service if more than 5 years late
7. Result discussed with you before lodgment
8. You will know where your stand with the ATO
9 late HECs payments no problems.
10.All completed by qualified Teachers tax accountants.
We may be able to help you avoid fines & penalties subject to terms and conditions. As a rule, a penalty will not be applied to a late-lodged tax return if the lodgement results in either a refund or a nil result, unless: FTL penalty was applied before the return or statement was lodged (that is, the penalty will not be remitted even if the subsequent lodgment results in a refund or nil result) the un-lodged item is a third-party data report, such as a taxable payments annual report.
You can do your late tax return efficiently using our Teachers Tax specialist service. Do you have a previous year’s tax return that’s overdue? Or maybe you have several late taxes returns you’re avoiding? Don’t worry: You’ve come to the right place.
Have any further queries?Let's Talk