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Tax return deadline looms

As we charge through the new year, we need to be reminded that your Australian Taxation return deadline is fast approaching.
Tax return deadline looms

As we charge through the new year, we need to be reminded that your Australian Taxation return deadline is fast approaching.  As a client of ATS, you will have until about the end of April 2020 to get your tax returns for the year ended 30th June 2019.

You should also note that you need to lodge an Australian tax return even if you don’t have any tax payable.  This is particularly true for any expatriate of foreign investor that just collects rent on a property and may have expenses greater than the rent.  You still need to lodge to confirm that to be the case.

Failure to lodge your return can attract penalties of up to A$1,050 per person, per year outstanding.

If you are a client of ATS and haven’t yet brought your tax papers in, please do so soon in order to allow time for processing.

If you aren’t a client, we would be happy to assist you keep compliant with your tax affairs and welcome your enquiry at tax@smats.net

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