Do I get an extension if you lodge my BAS?

Yes, lodging through us will generally give you an additional four weeks (8 weeks in total) to lodge your quarterly Business Activity Statement. The additional 4 week extension doesn’t apply to the December quarter BAS. The ATO get into the Christmas spirit and gives...

What are franking credits?

When an Australian company pays company tax, a franking credit is created that the company can pass on to shareholders when paying dividends.  Let’s presume that a company makes a $100 profit and pays $30 in tax. The company now has $70 that it can pay as a dividend...

Will I get charged penalties for being late with my taxes?

The time for taking a relaxed attitude to your tax affairs is over. There was a time when the ATO was commonly not charging interest and penalties or reversing amounts they had charged. That time is over. It is critically important to meet your obligations. We can...