Income tax · May 17, 2023
Missed the 2021/22 Australian tax return deadline? Learn how to file your late return and avoid penalties.
The deadline for filing your 2021/22 Australian tax return has passed. If you haven’t yet filed your return, you may be feeling stressed and overwhelmed. You may be wondering what the consequences are for not filing your return on time, and you may be wondering how you can get caught up.
The good news is that there is help available. Numbers & Sense can help you file your overdue tax returns, and we can also help you avoid the penalties that may be associated with late filing.
Why Do People Procrastinate on Their Taxes?
There are a number of reasons why people procrastinate on their taxes. Some people simply find the process of filing their taxes to be overwhelming and time-consuming. Others may be worried about making a mistake on their return, and they may be afraid of being audited by the Australian Taxation Office (ATO). Still others may simply be putting off the inevitable.
The Consequences of Not Filing Your Taxes
If you don’t file your tax return on time, you may be subject to penalties and interest, legal consequences, difficulty obtaining loans or credit, and increased scrutiny from the ATO.
How Numbers & Sense Can Help
Numbers & Sense can help you file your overdue tax returns, and we can also try and help you avoid the penalties associated with late filing. We have a team of experienced tax professionals who can help you with every step of the process, from gathering your documents to preparing your return to filing it with the ATO.
Tips for a stress-free tax season
Start early. Gather all the documents you need, such as income statements, receipts, and bank statements. If you're struggling to file your return, don’t be afraid to get help from a tax professional.
Need a hand?
Don’t hesitate to reach out
We are here to help. Contact us anytime via phone, email, or Microsoft Teams.
