Our client had lodged his tax return 8 years late and was subject to both an additional fee for its lateness and the interest that had accumulated over the intervening period. This came to a combined total of $87,000.
What did we achieve?
We had the entire $87,000 charge waived. Not only were we able to get the client a failure to lodge penalty reversal of $22,000, but we were able also to establish a strong case to get an interest reversal of $65,000.
With our long history of dealing with the ATO and our close attention to the details of clients’ circumstances we were able to convince the ATO that the lateness of his return had extenuating circumstances, and thus were successfully reversed.