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Our 2021 Advent Calendar.
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State and Federal COVID-19 support
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Asian Economies (1960 - 2020)
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Company directors must register - all you need to know
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Hardship priority processing of tax refunds
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Government moves to scrap SG $450 threshold
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World's most productive countries
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Superannuation changes - Superannuation guarantee (SG)
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Unused Super Contributions
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Main residence exemption myths and misconceptions
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ATO extends COVID-19 relief for SMSFs
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Treasury consults on increase to charities financial reporting threshold
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Greenhouse gas emission by country since 1880
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ATO announces STP Phase 2 blanket deferral
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Reminder: super changes for the 2021 financial year
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Recontributions of COVID-19 early released super
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Working from home during a COVID-19 lockdown: Can you claim a tax deduction for rent?
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Lockdowns and mental health
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Unemployment rate falls to 12-year low
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ATO issues warning to first-time investors
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World's largest armies 1816 - 2020
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Extra 'super' step when hiring new employees
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Pitfalls and proposed changes in the use of R&D tax incentives
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Government expands SME loan scheme eligibility
Article archive
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Hardship priority processing of tax refunds

If your business is experiencing financial difficulties from the many lockdowns, the Australian Taxation Office (ATO) may be able to help by processing the tax return faster, if you are due a refund. 

Priority processing of a business tax return doesn’t guarantee a refund e.g. there are outstanding tax or similar debts.  However, the credit from a return may be used to pay down those debts and take collection pressure off.

 

You can apply for ATO priority processing through your tax professional.  Once the initial request for priority processing is received, you’ll be notified and contacted if more information is required.  Processing will take more time for businesses that have lodged several years’ worth of income tax returns or amendments at the same time, and those that have unresolved tax debts.

 

Before lodging any priority processing request, check the progress of your return by contacting us.  If the return is already in the final stages of processing, you may not need to lodge a priority processing request – the return will be finalised before the ATO has an opportunity to consider the request.

 

 

 

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