Late lodgements, penalties and interest charges

Late lodgements, penalties and interest charges

Susan approached us after receiving a letter from the ATO requiring the lodgement of outstanding Business Activity Statements (BASs) for the last 2 years.

We engaged with the ATO to obtain an extension of 2 months to allow us enough time to assist Susan with the lodgement of all the outstanding BASs.

As we expected, the ATO issued penalty notices as well as applying general interest charges of approximately $18,000. We then met Susan to obtain all the extenuating circumstances that led to the non-lodgement of the BASs. She explained that over the last few years, she had separated from her husband and was battling stress and anxiety as well as trying to support her children and keep her business. We further engaged with the ATO and were successful in obtaining a full remission of all penalties and interest.

Susan is now lodging on time, successfully growing her business and sleeping a lot better knowing everything is under control.

Note: These are real case studies of clients we’ve worked with, though we have changed their names to protect their privacy.

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