The ATO has been imposing very hefty fines on anyone not lodging their BAS on time. Fines of $340 per late BAS have been issued recently.
The ATO have also been issuing garnishee notices (where they take money straight from your bank account) where you have not paid your outstanding tax bill and have not arranged and kept up to date with a payment plan with them. It is important to communicate with the ATO where you are having difficulties in paying your tax.
Any Business owners who are finding it difficult to prepare and lodge their own BAS on time, please contact me for assistance. on 0412 930 708 . It is important that all to remain up to date with on time lodgement of their BAS, IAS .