TAX!

What does ATO stand for?

• Australian Taxi Office

• Australian Taxation offer

• Australian Taxation Office

• Aussie Tab Office

What are the dates for the beginning and end of the financial year?

• 1st of Jan to the 31st of Jan

• 31st of June to the 1st of July

• July 1st to October 31st

• 1st of July to the 30th of June

What are the yearly earnings that trigger the point where you'll need to completed a tax return?

• $10,200

• $17,450

• $18,200

• $23,500

The time period you have to lodge your tax return is

• 1st July - 31st October

• 1st June - 1st November

• 1st July - 30th June

• 30th June - 31st July

What happens if you don't lodge a tax return?

• Nothing, the government do not follow up people who don't lodge tax

• The government will tax you double the following financial year

• You could be subject to fines, late fees and some interest payments

• You just have to pay an accountant, but you won't incur any other fees