Do you have outstanding Business Activity Statements that need to be lodged?
In the recently handed down Federal Budget, the government announced a small business lodgment penalty amnesty program.
The amnesty gives small businesses an opportunity to get their Business Activity Statement lodgements up-to-date. This applies to BAS’ that were due between 1 December 2019 and 28 February 2022. The amnesty means that penalties for failure to lodge on time will be waived if outstanding activity statements are lodged no later than 31 December 2023. General interest charge will continue to apply.
If you have outstanding Business Activity Statements and wish to take advantage of the amnesty, get in touch with us to see how we can help.