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Avoid common lodgement errors

In recent years, the ATO have noticed an increase in the number of invalid objections and withdrawn objections lodged by clients.

In 2012-13, the ATO received over 2,600 invalid objections and 2,800 objections that were lodged and subsequently withdrawn, predominantly because they were unable to be made valid.

This increase in invalid and withdrawn objections is putting a strain on the ATO’s ability to provide timely decisions to clients.

Common errors

The ATO have identified common errors that have resulted in objections being deemed invalid. These include:

Tips to correctly prepare and lodge an objection

The following tips can help to avoid unnecessary delays when preparing and lodging an objection:

Posted on 3 March '14 by , under Tax.

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Amnesty means that 24,000 businesses own up to underpaying Aussies superannuation

An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker's super. A total of 588 million dollars will be distributed to almost 400,00 individuals.

The scheme, which covered payments from the introduction of super in 1992, gave employers the opportunity to come clean without any consequences as long as they paid the unpaid super as well as 10% interest for every year the money was overdue.

The ATO will be directing its attention at any businesses that did not admit fault and these businesses will face severe penalties.

Many individuals are looking to access their superannuation early in order to have support during these times. Although there is criticism of early access to super, this facility has been helpful to many families to keep afloat.

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