You Can No Longer Rely on an ATO Extension

We are seeing a significant crack down by the ATO on late lodgements – including tax returns, BAS and IAS. 

As tax practitioners we have always tried to look after our clients by seeking extensions for late lodgements where required –  and historically these were usually granted.

But we have received repeated warnings in the last 6-12 months from the ATO that the same level of leniency from the ATO will be a thing of the past.  That’s also why we have always reached out to our clients months before due dates arise as a reminder that ATO commitments are coming up.

So if we reach out, please take it seriously, because we can no longer rely on the ATO providing the same extensions as has been the case previously.