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Come In To The Light
October 9, 2019
Come In To The Light
The ATO recently announced a new crackdown on the “black economy” to “close the tax gap” in small business, which they estimate is over $11 billion. This means that the ATO is actively looking for people who don’t lodge. If you’re one of them, it’s time to get caught up.
We regularly meet new clients who haven’t done their tax for some time. This can range from being a year to two behind, to being decades behind. People in this situation are generally afraid and uneasy. But we’re here to help.
People often fall behind on taxes because they’ve lost the data to do their returns or because they missed a lodgement and didn’t know how to catch it up. Often being one return behind can snowball into a bigger problem.
We can help you get sorted out. Whether it’s business taxation or personal taxation, there are a range of techniques and tools we can use to help fill in the blanks and get you back on track. If you’re worried about having a debt once you do lodge, we can help there too. We are able to help you negotiate payment terms and plans with the ATO that suit your cashflow.
We have helped many clients get caught up and the sentiment once they’re done is always one of relief at the end. So don’t worry and delay any longer, get in touch with us and let us help you into the light.
Happy Holidays to our valued clients. We wish you health, happiness, and new beginnings for the year ahead.
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