Small business owners have a lot on their plates, including tax and super responsibilities. It can be difficult to get everything right and we understand that sometimes mistakes happen, especially when navigating the complexities of the tax system.
Mistakes on your personal or business tax return can cost you and your business time and money. If you find one, it's important to fix it.
How can you fix it?
If you've already lodged you tax return for this year, you can correct a mistake by requesting an amendment to your return. You can do this:
- with your registered tax agent
- through myGov, if you're a sole trader
- on the Business Portal
- from your business software if it is enabled for Standard Business Reporting (SBR)
- in writing
Pender Accounting Group provides the peace of mind that comes with staying compliant and current with business taxation obligations. As experts in the current accounting software and programming, we are positioned to offer you the best current advice.
To learn more about how to avoid future mistakes or to rectify past mistakes, please get in touch to arrange a taxation consultation today.