Tax Office Getting Tough

15/01/2014 by David Schuh

We are seeing increasing activity from the Taxation Office around clients who are consistently late in lodging their quarterly business activity statements and their annual taxation returns.

The tax office is adopting the approach with clients that are tardy in the area of meeting their lodgement deadlines that there is an increased possibility they are not maintaining proper records or being truthful in their disclosure to the authorities.

Therefore, we urge all clients to meet their lodgement deadlines meticulously if they wish to remain above scrutiny from the tax office.

If you require advice regarding the timeframes you need to meet, or you require assistance in improving your bookkeeping arrangements so that you can meet your reporting obligations, please contact our office on 07 5482 2855 and we will readily assist.