Outstanding lodgements

Outstanding lodgements

Tax returns are a part of life and for most people this annual ritual gets checked off before the due date. Sometimes though this process falls away and people find themselves getting more and more behind. This may be because of an inability to pay the debt, forgetfulness, not being in the country or being worried about the unknown.

Tim hadn’t lodged a tax return for over 10 years. His fear of the mounting debt was so extreme he went to see a trustee in bankruptcy. Luckily, he was advised to meet with us first.

We helped Tim get all of his tax affairs up to date and minimised his liability as best we could within the legislation. Once we had the lodgements sorted, we worked out a cash flow strategy with Tim so he could pay down the debt. We were then able to negotiate with the ATO on Tim’s behalf and sorted out a payment plan they were happy with.

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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