If you have an STSL debt you should notify your employer via the Tax File Number (TFN) Declaration form. Your employer will then deduct an amount from your pay to... read more →
The ATO determines the due date for your tax return based on a number of factors, including: are you completing your own tax return; have you appointed a tax agent... read more →
When you operate your business as a sole trader, any tax you have to pay on your business profits is included in your individual income tax return. The amount of tax... read more →
If you don’t pay the full amount owing on your BAS by the due date, the ATO will charge you interest on any unpaid amounts. This can add up pretty... read more →
There are a range of things that might be reported on your Business Activity Statement, including: GST – this includes GST you have collected as well as GST you have... read more →
To find copies of your past business lodgements with the ATO, you will need to log into ATO Online Services for Business using your myGovID as follows... STEP 1: sign... read more →
If you are a sole trader or individual, you can find details of your past lodgements with the ATO by logging into myGov... STEP 1: sign into my.gov.au select ‘Australian Tax Office’... read more →
The ATO may impose "Failure to Lodge" (FTL) penalties if you're supposed to lodge a return but don't do it by the due date. This can apply to a whole... read more →
Every time you sign a business activity statement or tax return you will receive a follow up email thanking you for signing. This email also includes a link to download... read more →
Business Activity Statements can be lodged annually, quarterly or monthly depending on your business’ turnover. Annually – if your business’ GST turnover is less than $75,000 a year and you... read more →