I am an owner of a company that has not traded for a number of years. My accountant has been putting in business returns every year and charging me for the service. I have heard that this is unnecessary. What must be done if the company is not trading and has absolutely no changes to the financials other than retaining a tax credit?
Hi @Tre,
Having an active ABN means your company will need to lodge a return for the years it remains active. Having no income will simply result in a return that is pretty much filled in as nil. Any areas left blank will be taken as $0 where applicable. It's up to you if you want to lodge it yourself or have your accountant lodge that each year. You can read about submitting a company tax return on our website.
Hi @Tre,
Having an active ABN means your company will need to lodge a return for the years it remains active. Having no income will simply result in a return that is pretty much filled in as nil. Any areas left blank will be taken as $0 where applicable. It's up to you if you want to lodge it yourself or have your accountant lodge that each year. You can read about submitting a company tax return on our website.
15 Apr 2026 · 4 min read time
16 July 2025 · 5 min read time
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