What Happens If You Don't Pay Your Taxes in Australia? скачать в хорошем качестве

What Happens If You Don't Pay Your Taxes in Australia?

📌 What Happens If You Ignore the ATO? | Real Stories & Tax Consequences Explained Ever wondered what really happens if you ignore the ATO? Can you just skip lodging your tax returns and pretend nothing’s happening? 🎯 What You’ll Learn in This Video: -What happens if you don’t lodge your tax return -How the ATO issues default assessments based on your data -What a DPN is and why directors should care -Whether the ATO can stop you from leaving Australia -What happens if you’re already overseas -How to fix it with voluntary disclosure, payment plans & remission. Grown-Up Talk: The Fine Print DISCLAIMER - This video is for informational purposes only and should not be considered tax or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding your situation. THANK YOU! I’ve done my best to research and share the most accurate information in this video. Anything insightful should be credited to the valuable sources and papers referenced, especially those from CCH. Any mistakes, however, are mine alone. As I'm here to learn and grow, I truly welcome your feedback. If I’ve missed something or made an error, please feel free to leave a comment below or email me at hannah.nguyen.taxsystem@gmail.com. And finally, life is short, and I’m grateful that you chose to spend some of your precious time watching this video and reading these words. Thank you. Music: "Dispersion Relation" by Kevin MacLeod (https://incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/b... Time codes 0:00 Intro 1:00 How issue arise 1:25 What tax obligations a director should cover? 2:00 What happens when you don't lodge your tax returns? 2:20 How Failure to lodge penalty is calculated? 2:45 What is a default assessment? 3:15 What happens when you don't pay your tax liability? 4:10 Pay yourself from your company 4:25 What is Director Penalty Notice? 4:45 Cancel Government benefits 5:50 How do you remit penalty and interest? 5:41 Summary of all the steps taken by the ATO 6:00 Serious actions by the ATO 7:00 When the ATO stops you from flying? 8:30 Leaving with a second passport 9:13 What happens when you are oversea? 10:10 How to get your obligations in order