2020–21 personal tax cuts
On 6 October 2020, the Australian Government introduced personal income tax cuts as part of the 2020–21 Budget
ATO Penalties
ATO Penalties
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 .
Tips for recognising and avoiding tax scams
Tip 1: How to recognise scam SMS and emails
Hoax SMS and emails can look very convincing. To protect yourself from scams and fraud, remember to look out for SMS and emails that:
- are unsolicited, and check whether emails are from a valid ATO email address – scams may include an official-looking email address to give you a false sense of security
- do not address you by your name, or address you by your email address
For more info please visit the below link…
