What Happens When You Don't Lodge for a Tax Return?
Sometimes the top priority list doesn't include filing taxes. Whether you are on the go, juggling medical concerns, or just caught up in the hectic pace of everyday existence, the Australian Tax Office (ATO) maintains a close vigil. There is a sense of dread, paperwork and confusion during tax season. However, for individuals whose income exceeds the tax-free threshold, filing a tax return is an obligatory obligation. We will discuss the repercussions of neglecting this crucial financial obligation on this page. The consequences of not filing your tax return and what to do in the wake of it are described by the tax return accountant in Werribee and other places. Also, what steps can you take to resume your course? Do You Need To Lodge A Tax Return? If your income exceeds the tax exemption threshold for that fiscal year, filing a tax return is required. But What If Your Income Was Lower? If your income is not prepared for taxes, no tax will be withheld from your pay, eve...