have just over two weeks to submit their income details to the ATO or risk receiving a fine totalling more than $1100.Because this year October 31 falls on a Sunday, the effective last day to lodge a return is the following Monday on November 1, 2021.These deadlines only apply if a person is required to submit a tax return, and they choose to lodge it themselves without using a registered tax agent. for every 28-day period that the tax return is overdue.
Despite the ominous fines, the tax office says in many cases it will not apply a penalty at all if it's a one-off situation.
Okay. I'm confused about something. I have heard many times of people who have years of tax returns they haven't put in. Not business owners, or complicated matters, just straight out PAYE taxpayers. How do they get away with it? I've always been curious.
Usually you would not get a fine if you have a refundable amount. Also if you are with a registered tax agent(don't use H & R Block seriously) you have until 15th May next year to lodge.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2021 Signings Tracker: Chee-Kam to Souths; Taylor joins WarriorsThe latest player signings, transfers & contracts and NRL squads for 2021 and beyond. SSFCRABBITOHS A perfect match! I daresay him and Sam Burgess will strike up quite the bond SSFCRABBITOHS Good signing SSFCRABBITOHS Mid asf
Source: NRL - 🏆 19. / 59 Read more »
The most incredible wildlife photos of 2021The stunning winning photos of this year's Wildlife Photographer of the Year competition have been released. The competition saw a record-breaking number of entries. Oh well, always next year
Source: 9NewsAUS - 🏆 10. / 72 Read more »
2021 Signings Tracker: Taylor joins Warriors; Fogarty a RaiderThe latest player signings, transfers & contracts and NRL squads for 2021 and beyond. NZWarriors NZWarriors GOAT 🐐 NZWarriors See him at the Dolphins in 2023… Uncle Wayne will bring out the best in him.
Source: NRL - 🏆 19. / 59 Read more »
2021 Signings Tracker: Tabuai-Fidow re-signs; Fogarty a RaiderHands off the Hammer! ✋ Hamiso Tabuai-Fidow re-signs with nthqldcowboys 🤠 Details ✍ nthqldcowboys more appropriate headline for panthers supporters atm nthqldcowboys Important the Cows resigned him. Some player nthqldcowboys weezie8219
Source: NRL - 🏆 19. / 59 Read more »
Why experts think a death tax should be re-introducedA death duty is politically unpopular, but Australia is one of only a handful of developed countries without one. As inequality rises, the case for a death tax is growing | swrighteconomy JennieDuke swrighteconomy JennieDuke You're not helping with the framing here. swrighteconomy JennieDuke So if somebody else sticks their hand in the fire we should too? swrighteconomy JennieDuke How about no?
Source: smh - 🏆 6. / 80 Read more »
It’s time to have another conversation about tax reform - or the goose is cookedTaxes are the price of a civilised society and our tax system is struggling to properly raise the revenue. But there is a way forward. Transaction Tax...tax a tiny piece of every dollar transacted...we now have the technology. Only tax needed. No more Google/FB cheating. if our government didnt bloody waste/misuse our money, it wouldnt be such a problem? job keeper for companies that profited with no way to get it back billions wasted on broken contracts and money to business mates. are you fkn kidding me? Perhaps a discussion of how vested interests defeat tax reform might have helped eg. the mining industry and the proposed mineral resources rent tax proposed by Henry
Source: smh - 🏆 6. / 80 Read more »