Posts Tagged: penalties

How the ATO default administrative penalty is calculated, and what you can do to reduce it

If you don’t lodge a tax return or statement with the ATO when it is due, the ATO can send you a default assessment or a notice of estimate. This means that the ATO makes an estimate of your tax and charges you that amount. The worst thing about a default assessment or a ...

Have you been issued a summons to attend Court for not lodging tax returns?

Not lodging your tax returns can result in criminal charges. If the ATO is chasing you for your returns, there are a few things you can do to minimise the consequences either before or after you receive a summons to attend Court. If you have received a warning from the ATO If the ATO has given ...