GMG Accounting - Specialist accounting and financial services - Swan Hill, VIC Australia

Blog Layout

ATO Are Cracking Down

Justin Toomey • September 20, 2012

Someone very wise once said something along the lines of "There are only two certainties in life. Death & Taxes!" I think it was that Churchill fella. He's absolutely right too. No matter how long you try to put paying your taxes off, they will always catch up with you.

Business owners are quite prone to procrastinate with preparing their BAS and some wage earners can be quite lax with lodging their individual tax returns too, particularly if you know there's a bill coming. No one likes parting with their hard earned cash, however, we all get a sense of satisfaction when we get on top of our bills and those things on our "to do" list!

The Australian Tax Office has been cracking down on these businesses and individuals who have been sitting on their tasks lately. Maybe the government does need some extra cash so they're chasing up their debtors, however this means one thing for you if you've been putting it off.

In the infamous words of that shoe brand - Just do it. Its like ripping off a band aid, the anticipation is probably worse than the event, so just make an appointment with one of our expert tax agents and we will hold your hand through the whole event!

With some of our technololgies like Banklink and Xero, we can even make it as quick and easy as ripping off a band aid too so you needn't worry about it in the future.

The ATO knows that you're procrastinating, they're like big brother, so just get it over and done with.

Call us and make an appointment today! 

COVID-19 Stimulus Package - Coronavirus Income Support Supplement Payments
By Daniel Mangiameli March 24, 2020
A $550 fortnightly Coronavirus supplement, to commence from 27 April for an initial six month period, will be paid to eligible recipients. Eligibility Permanent employees who are stood down or lose their employment, sole traders, the self-employed, casual workers and contract workers. This payment is in addition to the JobSeeker Payment under expanded accessibility Existing and new recipients of the JobSeeker Payment, Youth Allowance JobSeeker, Youth Allowance Student, Parenting Payment, Farm Household Allowance, Special Benefit If you're already receiving one of the welfare payments listed above, you don't actually have to do anything. Services Australia will automatically pay the Coronavirus Supplement to eligible recipients each fortnight. If you're not currently receiving welfare, you'll need to apply online at MyGov using a Centrelink account or contact Services Australia by phone. If you require further information on any of the above, require assistance in working out your eligibility or h
COVID-19 Stimulus Package - Apprentices & Trainees
By Daniel Mangiameli March 24, 2020
In line with the second economic response package, the federal government is supporting small business to retain their apprentices and trainees. Wages subsidies will be paid to eligible employers equal to 50% of their apprentices/trainees wages from 1 January 2020 to 30 September 2020. Employers who are eligible will be reimbursed up to a maximum of $21,000 per apprentice/trainee. Eligibility The subsidy will be available to small businesses employing fewer than 20 full-time employees who retain an apprentice or trainee as at 1 March 2020. Has re-employed a displaced apprentice/trainee, who was employed by a small business at 1 March 2020 but who has since been released from their apprenticeship/traineeship by their employer. Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider. Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian
COVID-19 Stimulus Package - Boosting Cash Flow Employer Payments
By Daniel Mangiameli March 23, 2020
COVID-19 Stimulus Package – Boosting Cash Flow Employer Payments
More Posts
Share by: