Your Financial Report(s) & Income Tax Return(s)

We have attached your financial report(s), income tax return(s) and any associated documents for the past financial year for signing.

Our estimate of your assessment(s) for the year for each return is shown in the table below. Please remember that any other balances on your account with the ATO will change the amount otherwise payable or refundable.

Name	Payable/Refund	Amount	Date Due
	Payable/Refund	$
	Payable/Refund	$
	Payable/Refund	$
	Payable/Refund	$
	Payable/Refund	$

^{Due dates are shown above for company returns only}

if any refunds are due

ATO refunds are paid to the bank account nominated in the return by electronic funds transfer, normally within 14 days of lodgement.

If there are individuals with tax payable

For individuals in the table above with tax payable, the ATO will issue an assessment notice confirming the amount payable and due date for payment. 

if tax is payable by a company

Companies are required to self-assess their income tax liability to the ATO and do not receive an assessment notice, so we have shown the due date for payment in the table above and attached a payment slip showing the various methods of payment available. You should use the information in that payment slip to identify your payment.

if tax is payable by anyone

A General Interest Charge (GIC) will be applied if you do not pay any tax owing by the due date. From 1 July 2025, GIC is no longer tax deductible.

include here any comments about the accounts if applicable

Please review all documents to satisfy yourself that the information they contain is true and correct, sign where indicated and return the following only to our office –

• Electronic lodgment declarations
• Our signed copy of the financial report(s)
• Any other documents?

For tax purposes, business records generally must be kept for a period of five years from the date of the transaction. However, for depreciating and CGT assets, records must be kept for five years after you sell or otherwise dispose of the asset.  And if applicable, FBT records must be kept for five years from the date you lodge the return.

Our invoice for completing your work has also been attached with these documents. Payment options are shown on the invoice.

If there is anything you would like to discuss, please contact our office. office.