You must lodge a tax return before the 2018 tax return deadline if you earn ANY income during the 2017-18 financial year (between 1 July 2017 – 30 June 2018).
The 2018 tax deadline is Tuesday 31 October, 2018
Finish your tax return in minutes
When should I do my 2018 Taxes?
The official period for lodging your tax return is 1 July – 31 October 2018.
We recommend lodging your 2018 tax return during July or August 2018.
(If you still have not lodged a 2017 tax return, we recommend doing that as soon as possible. You can log in and finish your tax return here.)
Why should I lodge my return before the tax deadline?
Taxpayers who don’t lodge before the tax deadline 2018 could face financial penalties and interest charges from the ATO.
Even if you didn’t work during this time, you still need to tell the ATO. You can do this by submitting a Non Lodgement Advice.
What are the possible ATO late penalties and charges?
Australian tax laws authorise the ATO to apply penalties of $210* for the following offences:
- Fail to lodge a return or statement on time
- Make a false or misleading statement
- Fail to withhold amounts as required under PAYG system
- Fail to meet other tax obligations
Penalties for late lodgement
Days Past Deadline — Late Lodgement Penalty
1 – 28 days — $210
29 – 56 days — $420
57 – 84 days — $630
85 – 112 days — $840
113+ days — $1,050
General interest charges (GIC) may also apply to unpaid tax that’s owing such as:
- Any tax, charge, levy or penalty that is unpaid or paid late
- An shortfall in your income tax instalment
There is also a tax shortfall interest if your tax return is amended and results in more tax owed to the ATO.
For more information about penalties and interest charges, visit the Australian Taxation Office website.
*Maximum penalties apply.
Can I get a 2018 tax return deadline extension?
A tax deadline extension is possible for some people however there are certain criteria you must meet, including:
- No prior or existing tax debt with the ATO
- No other unlodged or overdue tax returns for previous years
- Not having any outstanding Centrelink or Child Support debts
Etax Accountants helps thousands of people get tax deadline extensions each year. If you’re not sure if you are eligible for an extension, get in touch with your accountant from within your Etax account (via messages) who will be able to check your ATO records for you.
How can I quickly get my late taxes up to date?
The Etax.com.au online tax return is fast, easy and simple. Our step-by-step online tax return can help you finish your return in minutes. If you need a hand or if you have questions, you can talk to a qualified accountant anytime. No appointments!
Here are some other common questions we hear about completing tax returns on time.
“How quickly can I finish my return?”
Most clients can finish any tax return in as little as 15 minutes.
“I can’t find a PAYG and I don’t have any record of my income.”
If you have misplaced your PAYG payment summary or group certificate for a tax year, don’t worry! We can often access your tax records directly from the ATO and help complete your tax return. This can include your PAYG summary plus income from bank interest and Centrelink. Just send your accountant a message directly using the “my messages” link within your Etax account.
“I don’t know what to enter in a certain part of the tax return.”
If you’re not sure where something goes on the return, just use the “Any other questions or documents” section down at the bottom of your Etax return. Then after you sign your return, our accountants will make sure your information goes into the right part of your tax return.
You can also use live chat or phone to connect with a friendly, qualified accountant at Etax.
“Can Etax.com.au help me get out of an ATO fine?”
If you receive a fine for lodging your tax return after the deadline, our team of tax experts can contact the ATO on your behalf and try to get your penalties cancelled or reduced.
You may be eligible for the ATO to waive your fine if:
- All of your tax returns up to date
- You have no other amounts outstanding to the ATO
If you do have any outstanding tax returns, it is highly unlikely the ATO will be lenient and waive your fine.
Whether the ATO agrees to waive a fine is ALWAYS at their discretion. As your tax agent, we will push the ATO for an outcome that is in your favour.
We can also request a payment plan on your behalf to make any amount due to the ATO easier for you to manage.
“Does the ATO forget about old tax returns from past years?”
The ATO never forgives an unlodged late tax return.
For some people, overdue tax returns are a big source of stress, but that stress is really unnecessary. With the right help, it can be affordable and easy to get on top of late taxes.
You can learn more here about how to handle late tax returns.
Lodge before the tax deadline 2018 and win!
Each year, Etax Accountants gives away a $10,000 cash prize to the smartest, most creative Etax.com.au user.
Entry is open to all Etax.com.au clients who lodge their return before the 2018 tax deadline (31 October, 2018).
To enter, simply complete your 2018 tax return online at Etax.com.au and fill in the entry form on the ‘completed’ page.