Understanding the Non-Lodgment Advice form:

If your earnings for the previous financial year amounted to $18,200 or less, and you did not have any taxes withheld from that income, there is a possibility that you may not be obligated to file a tax return.

 

However, it is crucial to note that this does not imply you can disregard your tax responsibilities.

Every individual must either file a tax return or submit a "non-lodgment advice" form.

Uncertain about whether you should proceed with filing a tax return?

 

Did you receive an income below $18,200, yet you still paid taxes?

If your answer is yes, then it is highly recommended that you file a tax return.

Regardless of your income level, if you paid taxes on the income you earned during the financial year, it is important to lodge a tax return. Moreover, if your earnings were below $18,200, there is a good chance that you will receive a full refund of the taxes you paid.

 

What does Non-Lodgment Advice mean?

A Non-Lodgment Advice (NLA) is a form that is utilized when you are not required to submit a tax return. It serves the purpose of notifying the ATO that you will not be filing a tax return for the current year, ensuring that you are not categorized as having an outstanding tax return. This step is crucial as the Australian Taxation Office (ATO) holds the power to impose fines or penalties for unpaid tax returns. By submitting the Non-Lodgment Advice, you can avoid any potential consequences related to unpaid tax returns.

 

How can AAA Taxation Accountants help?

We are here to assist you in determining whether you are required to file a tax return this year. If it turns out that you do not need to submit a tax return, we will take care of preparing and submitting the necessary non-lodgment document to the ATO on your behalf.

 

Leave the rest to us!

Our team of accountants will carefully compare your information with the ATO records. In case you are not required to file a tax return, we will handle the preparation of a non-lodgment advice on your behalf. Once we have your approval, we will promptly submit it to the ATO.

The best part is that our services come at no cost to you! If you do not need to lodge a tax return, there will be no fees or charges involved.