About Bookkeeping newsletter – Issue 2

I hope that everyone was able to take a few days off over Easter and have come back refreshed and raring to go – just in time for  the March quarterly BAS’s to be completed and lodged. The due date for the March quarterly BAS is 28th April, however if we lodge electronically for you, the extension gives you until 27th May. To ensure that your BAS is lodged on time, please get all relevant paperwork ready and dropped off or make an appointment for me to pick up or come out and get the quarter finalized.

Failure to lodge forms with ATO:

The ATO has increased the penalty for failing to lodge ATO forms e.g. BAS
The Cost has increased to $170 for each 28 days late.
This amount continues to increase to a maximum of 5(each 28 days) x $170 = $850.00
Larger entities pay multiples of the $170 for each period

 

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