Tax in Australia
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- BusterBoy
Just wondering how many in here from Australia have ever gotten into taxation problems?
My brother has a small business and he is WAY behind with his BAS...hasn't even lodged his BAS for about 5 years.
Anyone know what type of penalties he'll get when he does eventually lodge?
- forcetwelve0
not too sure — but doesnt sound good.
its so hard keeping your head above it. ive got my first bill starting in march. gulp.
- slappy0
When he lodges a tax return, if he owes the tax dept money then they will charge him interest on that and he will have to pay more.
If you dont lodge a tax return for 5 years I think they do an audit, tell him to be afraid...
- slappy0
Oh yeah one more thing, if he is unresponsive they will come to his house with a warrent and prosecute his ass. I have had my house raided by the fraud police when my house mate had been under investagtion. They dont take this stuff lightly, except when they found her porn stash under her bed, classic. They left it all in a neat pile for her.
- forcetwelve0
fuk! sounds heavy. question is: why hasnt he lodged for 5 years?! crazy...
- enfocusmedia0
I hate doing the "numbers". Always have. Buying Quickbooks was one of the best decisions I ever made.
It's not a pretty app but it does the job...
Anyone use anything better (more "Designer" specific)?
- forcetwelve0
its all indesign for me!
how do you guys calculate your tax to keep etc... my accountant says 25% of the invoice in the tax account.
is that what everyone does? a seperate account?
- hatrack0
My Dad affectionately calls it the FBAS.