Just a reminder that if you have been effected by a natural disaster e.g. the recent bush fires that raged through NSW recently, you are entitled to extended periods of time to lodge and pay your tax obligations.
See below the extract from the ATO website.
If your business or residential address is in one of the identified affected postcodes listed below, we will automatically make arrangements to defer the following taxation obligations (you don’t need to apply for a deferral):
* lodgment and payment of income tax returns due between January and March 2014 to 28 April 2014
* lodgment and payment of the October to December 2013 quarterly activity statement from the original due date of 28 February 2014 to 28 April 2014
* lodgment and payment of the December monthly activity statement from the original due date of 21 January 2014 to 28 April 2014
* lodgment and payment of the January monthly activity statement from the original due date of 21 February 2014 to 28 April 2014
* lodgment and payment of the February monthly activity statement from the original due date of 21 March 2014 to 28 April 2014.
Exclusions to the above deferrals:
Large withholders (previously withheld more than $1 million annually or are part of a corporate group that has) are not eligible for the above deferrals.
The Commissioner cannot vary the contribution due date or waive the nominal interest on late super guarantee payments.
