Are you worried about the late tax penalties in Australia that come from years of outstanding or overdue company tax returns or trust tax returns?
Taxopia are experts when it comes to managing overdue ATO business tax lodgements, and we have a great deal of knowledge regarding late tax penalties in Australia. We can arrange and lodge company tax returns or trust tax returns that are up to 10 years overdue. We are experts, we know exactly what content is required for previous year’s business tax returns and the tax laws applicable. If you have an ATO late tax penalty for your tax return don’t leave it until the ATO takes legal action.
The formal name of an ATO late tax penalty is “Failure to Lodge on Time Penalty” or FTL penalty. This is separate from any ATO general interest charge (GIC) penalty and separate to any ATO administrative penalty. The FTL late tax penalty is also not tax deductible to your business.
