Tax Return Due Dates

For those clients yet to lodge their 2009 tax return, it’s time to start seriously thinking about organising your information. For those Individual Tax Return clients with a good lodgement history (all previous returns lodged on time) the due date for lodgement is Monday 17 May 2010.  Don’t forget to allow adequate time for the interviews/post/email exchanges, review, and signing of your return, and please allow at least 2 weeks for us to complete and finalise the return. Naturally many people leave it until the very last minute and the office gets a little busy.

Prior years or outstanding tax returns? The longer you leave it, the more the ATO can financially penalise you (should they choose to do so).  If you are in this situation please contact me to discuss your options.  It may not be as bad as you think. With recent lodgements of outstanding returns the ATO have shown themselves to be incredibly understanding and lenient, choosing not to penalise many clients at all.

This entry was posted on Tuesday, February 2nd, 2010 at 10:03 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.