Every October, the Australian Tax Office (ATO) reminds everyone that tax returns are due by the 31st of October. But here’s the thing — this deadline doesn’t actually apply to everyone.
If you lodge your tax return through a registered tax agent (like us), you’re not locked into that 31st of October deadline.
We’ve put together a clear breakdown of what you need to know.
Key Dates to Keep in Mind
- If you’re using a registered tax agent: You generally have until 15th of May the following year to lodge your return, not the 31st of October. So, no need to panic!
- Payment due date: Lodging with a tax agent also usually means you get extra time to pay any tax you owe, often deferring this payment to the later date in May.
Why Using a Tax Agent Helps
Working with a registered tax agent offers more than just a longer deadline. Here are some key benefits:
- Accurate, thorough preparation: A registered agent ensures your return is done right, reducing your risk of any issues with the ATO.
- Maximise your tax position: A tax agent can help you make the most of deductions and credits, potentially saving you money.
- Peace of mind: No more wondering if you’re ticking all the right boxes or overlooking something important.
Unsure About Your Lodgement Date?
If you’re not certain about when your tax return is due or have questions about payments, get in touch with us. We’ll help you understand your specific deadlines and take the stress out of tax time.
The Bottom Line
If you lodge through a registered tax agent (like us), you’ve got extra time to sort your tax return — and there are real benefits to going this route. So, reach out if you need support or want to take advantage of a more relaxed timeline and expert help.
Have a question or comment?
If you have any questions or comments relating to this article (or any other accounting matter) please get in touch with us at [email protected] and we’ll be happy to assist you.
