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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
Australia by numbers – Update
$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
Single Touch Payroll – 1 April 2018 Action
Property investors on notice after ATO spots false claims
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Australia's vital statistics
Accountants spy elder abuse spike as mortgage stress sets in
Tax office releases fresh guidance on SMSFs
Labor's tax plans could favour the rich, analysis shows
FBT Reminder – Odometer Reading
Our website is really our digital office.
‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
Super changes: $1.6 million transfer balance cap and death benefit pensions
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Articles
Fringe Benefits Tax and Odometer Readings
Tax Office Interest Rates Released
Wash Sales
Tax Office Warns of Email Scam
CV (and other Employee) Fraud
Over $20,000 in Tax Last Year?  Lodging your 2007 Income Tax Return
The Real Cost of Fire!
Australians with Terminal Illness
Hobby or Recreation
Trademark Scams
Tax Changes Under Labor
Anti-Money Laundering
Child Care Benefit - Refunds Earlier
Over $20,000 in Tax Last Year?  Lodging your 2007 Income Tax Return
This year the Tax Office is again interested in the timely lodgement of all tax returns and forms, including the income tax returns for individual taxpayers who had to pay $20,000 or more on their last assessment.

The Tax Office is concerned because their analysis shows that not all lodgements were being made by the due date of 31 March for these taxpayers.

With tax agents and the Tax Office working together, significant improvement in lodgement rates were made last year, however some returns were still not lodged on time.

The Tax Office has advised that this year those few who do not lodge their 2007 return by 31 March 2008 will see a quick response from that office, ranging from assistance if needed through to prosecution in the courts.

In February 2008 most individuals who had to pay $20,000 or more for the 2006 income year, and whose 2007 returns are yet to be lodged will receive a letter from the Tax Office advising them to make arrangements to ensure that lodgement can be made by 31 March 2008.

 

 



21st-February-2008