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Easy extensions for overdue tax returns

Posted by Mary Young on 12 November 2014

We have received a few enquiries these last few weeks from people in a panic 31 October has come and gone and my tax is overdue! HELP!!!!!

If you haven't engaged a tax agent to prepare and submit your tax in the past this would be the case, but when you do have a tax agent, and you don't have any other overdue tax lodgements, your due date is generally 11 months after year end, in other words May of the following year.

The same goes for quarterly BAS if you operate a business and lodge your own BAS, you have 28 days to do it from the end of the Quarter. When you have a Tax Agent lodging on your behalf, you have an additional 4 weeks.

If you are struggling to get your tax compliance dealt with on time, talk to a tax agent who can automate the process and take the stress away.

Author: Mary Young
Tags: Tax

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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)