31st October Tax Return Deadline - the Accountant extension!

With only a day to go until the 31st October deadline to lodge your tax return I thought it was 'timely' to explain the Accountant extension. For anyone lodging their tax returns themselves, they have until the 31st October to lodge with the ATO. For anyone that is registered with a Tax Agent, they generally receive a later lodgement deadline until 15 May 2014! This is only available for people registered with a Tax Agent, that have no previous years tax outstanding and that have no other outstanding issues with the ATO.

If you do not think you will be able to lodge your tax return by the 31st October, than send us an email to admin@flindersaccounting.com and we can organise for you to be registered on our system and receive the later lodgement date.

Another important issue to note that is if you earnt less then the tax free threshold of $18,200 then you don't need to lodge a tax return if there was no tax withholding. However, you DO need to let the ATO know that you don't need to lodge a tax return. The Non-Lodgment Advice 2013 form can be found HERE.

If your earnt under $18,200 and your payment summary shows an amount in the tax withholding section, then its best to lodge a tax return as you will receive all this tax back. I offer a special $59 tax return fee for anyone that has income under the tax free threshold, so please feel free to book in an appointment if you are unsure what your tax obligations are.

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email: admin@flindersaccounting.com
phone: 08 7001 1627