This is it, we’ve reached the absolute last minute!
Lodge and pay your December BAS today to avoid fines.
How big can the Failure To Lodge fines be?
From 1st July 2023 a penalty unit is $313
Small businesses pay 1 unit for every 28days its late – up to 5 units $1565
Medium businesses pay double small businesses $626 – $3130
A ‘medium entity’ is a medium withholder for PAYG withholding purposes or has assessable income or current GST turnover of more than $1 million and less than $20 million.
Haven’t got the funds available to pay in full? Make a payment plan.
The ATO is getting tough on outstanding debts – expect a debt collection notice or worse, a Director Penalty Notice (DPN) if you ignore the outstanding amount – even for a few days.
