If you are someone who lodges their own tax return the deadline is fast approaching. The final date for lodgement of your 2020 tax return is 31st October, just days away.
Like me, some of you may be wondering where the last few months have gone. 2020 has not been an ordinary year. Most of us have just been trying get through day by day. Understandably, doing your tax may not have been at the forefront of your mind.
However, if you manage your own tax affairs and fail to lodge before 31st October, the Australian Taxation Office (ATO) may issue significant penalties. Penalties which can be very hard to avoid.
The good news is, if you are registered under my tax agent list you have until 5th June 2021, to lodge your 2020 tax return. This will give you plenty of time to get your information in order, have your tax return professionally prepared by me and lodged with the ATO.
In fact, there are many reasons to use a tax agent for the preparation of your income tax return. I can assist you to navigate our complex tax system and ensure your tax return is complete and correct. You can be certain that you have claimed the maximum allowable deductions and that you will receive the best possible tax outcome.
Once you are on my client base, you will also receive regular updates and have access to targeted specialist advice on how best to manage your taxation affairs.
To qualify for this extension, all you need to do is be added to my list by 31st October 2020. It does not even matter if you are not ready to lodge your return yet.
Please contact JHL Accounting and I can help you access this concession for the 2020 financial year.