Tax laws are strict, and there are a number of deadlines for lodging, reporting and paying taxes. These differ for individuals and enterprises. A failure to meet a deadline can leave you open to penalties, fines and interest on tax outstanding. A Sydney chartered accountant or Sydney accountant are often employed to assist businesses and companies comply with deadlines and critical dates.
For individuals, tax returns are generally required to be lodged between 1 July and 31 October of each year. It is possible to obtain an extension on the date you are required to lodge your tax return. Navado Tax Agents may be able to assist you arrange an extension for your tax return.
For businesses, there are literally dozens of critical dates that must be complied with. These might be in relation to BAS, PAYG, activity statements and superannuation. Because businesses are generally liable for much more tax than individuals, the ATO takes a stern approach to businesses failing to comply with deadlines and critical lodgement dates. Navado Tax Agents can assist you arrange an annual schedule so that you are aware of what needs to be done and when. Speak to an accountant or tax agent.
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