Tax Return - leaving it late?

Myself and my wife run a small partnership business. We haven't finished doing our records for 2005-06 for our tax return and haven't yet got an accountant - are we leaving it ridiculously late? I hope to have the records done and the accountant contacted in the next few weeks!

Cheers!

Tax Return - leaving it late?met opera

Accountant will charge based on the amount of work they have to do, but any good accountant should save you more money than they charge. You will certainly need one as you may be charged an amount which the tax office 'assumes' you would have made, this is usually well above what you actually make. Get one sorted.. NOW.

Tax Return - leaving it late?movie theatre opera theater

There are two cut off dates....30th sept and 30th jan. I did my own returns one year but it'd be better to get an accountant.|||Good luck, by being late you can be subject to penalyies for failure to file, failure to pay, late payment of estimated tax and interest on the tax and penalty that could be due. If you don't owe any tax with the return you are somewhat safe. However, if you do owe tax with the return the penalties and interest can amount to 50% of the tax due. So , if you owe $10,000 it will cast you $15,000 in tax interest and penalty.

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Tax Return - leaving it late?

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