ATO Assisting those affected by floods
The ATO are showing they do have a heart and have released a list of flood support options this week.
If you’ve been severely affected by the recent floods, I’m sure your tax obligations are not your first thought. However, with BAS time coming up it is important to know your options.
The ATO are willing to discuss your difficulty and work with you. They have issued the following list of possible solutions:
- Allowing extra time for you to lodge your activity statements
- Assistance with lost documents and verifying your identity
- Re-issuing tax returns, activity statements and assessment notices
- Assistance with reconstructing lost or damaged tax records
- Prioritising refunds owed to you
- Setting up payment plans including interest free periods
- Remitting penalties and interest during the time you’ve been affected
To learn more about these ATO measures you can access the ATO information on dealing with disasters at the following link:
We are also here to provide support and help you in any way we can.
If you need assistance please give us a call.