Hi. Due to issues with accountant my Tax Return was not submitted for 23/24 FY. I submitted it this week myself and the status of the return is "Balancing Account". When I check my Tax Account it shows there is a $1200 debt with the processed date 03/05/2026 and the effective date of 21/11/2024. As the effective date is from 2024 should I just pay the outstanding Debt as it is overdue? I'm already worried about the late Lodgment. I don't want to get stung further.
Is the Balancing Account status due to it being an overdue debt? I'm not worried about the debt. I just don't want to end up on the wrong side of the ATO with an extra bill because of the late lodgment.
15 views
15 views1 replies
1 replies
15 views
1 replies