Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
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Statistics for all Australians
Touch Payroll (STP)
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Articles
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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