Overdue Income Tax Returns
The ATO has recently estimated that there are approximately 200,000 Income Tax Returns outstanding for the 2017 year, many of which are likely to receive tax refunds.
Others will have avoided lodgement as they have a likely tax payable and or activity Statements debts.
Failing to lodge a Return or an Activity Statement on time will likely generate penalties and interest. Penalties for multiple years can quickly grow into the thousands of dollars.
If you or anyone you know has outstanding income Tax Returns or Activity Statements, tell them to come and see CrossCorp.
Within the Law, we can minimise your tax payable and help manage your debt with the ATO.