Tax return late? ATO on your back? Many tax returns to lodge at once?
It can be a stressful time. For some of us, lodging a tax return year after year can be a pain, and some of us just plain forget, but lodging a tax return annually is the law for most taxpayers in Australia.
The good news is it’s never too late to lodge a tax return. If you haven’t lodged your tax for a few years or you have a return outstanding it’s ok as long as you lodge voluntarily and don’t owe any tax to the ATO. If you do owe tax then you could be up for penalties interest (we can help you get those waived)
The peculiar thing is that up to 1.5 million Australians annually don’t even lodge a tax return – most of these don’t because they mistakenly don’t think they will get a refund. heaps of our clients had not lodged tax returns for many years and have received due sizable refunds. For example, one of our clients was pleasantly surprised to hear he was due over $30,000 from 9 years of unlodged returns.
The average tax refund issued last year was $2,600 which would tend to indicate there are literally billions in unclaimed refunds Australians are missing out on simply because they don’t bother to check or don’t know how to check what they are entitled to.
Don’t be one of them. Talk to us about getting your prior year returns in asap.
Mr Tax Refund specialises in the lodgement of multiple year tax returns. We help people just like you all the time. Even if you are many years behind we can look after you.
But do it now, there is absolutely no reason to wait, and you could be missing out on some serious cash.
Stephen is the CEO of Accountants Direct and is a Professional Director, ASIC Agent, Startup Advisor & Investor & Capital Raising Specialist.
Contact Stephen or his team if you have any questions about this post or any business matter in general.