My apologies to anyone who received the first e-mail and then found the link was “broken”…that was simply because I reclassified the post from published to scheduled – as it should have been in the first place! Ah, never mind, we all make mistakes!
Yes that is true, we all make mistakes – but it’s how we handle ourselves when we make a mistake that matters!
Personally, I have always been a fan of admitting when I’ve made a mistake – I think it’s most important to be upfront and give yourself the best chance of rectifying the situation – both in business and in life!
And despite their hard-core reputation, I’ve also found the Australian Taxation Office (ATO) to be quite reasonable when it comes to penalties and late payment interest – when there are genuine mistakes made.
I’ve had many experiences where I’ve been able to provide a well structured explanation to the ATO as to why documents were late being lodged or payments were unable to be made in full – I think my biggest win to date was the remission of penalties and interest of approximately $64,000!! Thankfully those situations are few and far between…
In any event, if you realise you are late lodging a form, get it done as soon as you can and keep good notes on why it was late…and if you make a mistake, contact the ATO as soon as possible and try to work it out – it always helps to have good details and records in front of you when you do this.
If you need any help to fix a mistake, or want to know how to avoid making these errors in the first place, contact us!
PS If you missed Friday’s post due to my mistake…you can read it here!