Tax returns and BAS and FBT due between 1 Dec 19 and 28 Feb 22. If you lodge between 1 June 2023 and 31 December 2023 - failure to lodge penalties will be reversed /not charged https://www.ato.gov.au/Business/Small-business-newsroom/Lodging-and-paying/Do-you-have-late-lodgments-/?SmallBusNewsroomLanding#:~:text=To%20be%20eligible%20for%20the,June%20and%2031%20December%202023

The ATO have always had an 8-week service standard for amended returns. Until that 8-week period has passed it is a complete waste of time to speak to the ATO. Calling the ATO might take us slightly less time than you as we have a dedicated tax agent line but still may take us half an hour to 45 minutes. I generally suggest to our clients noting on your calendar 8 weeks from when you lodge the amended returns and calling the ATO themselves on 132861. I note the ATO state here they aim to complete amendments within 20 business days once all information is provided Online (this would be approximately 4 weeks x 5 business days = 20 business days). https://www.ato.gov.au/General/Fix-a-mistake-or-amend-a-return/Request-an-amendment-to-a-business-or-super-tax-return/?anchor=Timelimitsforbusinessandsuperamendments Here is more information about Fixing a Mistake or Amending A Return https://www.ato.gov.au/General/Fix-a-mistake-or-amend-a-return/ https://www.ato.gov.au/General/Fix-a-mistake-or-amend-a-return/When-to-fix-a-mistake-or-amend-a-return/ The ATO also has a Community where you can ask questions. Below is questions about an Amended Return - where the ATO have requested that an "out of time" objection form be lodged with the amended return as the amended return is being lodged more than 2 years after the receipt of the Original Notice of Assessment. https://community.ato.gov.au/s/question/a0J9s000000ROo5/p00224803 If The ATO make a decision you don't like - it may be possible to Object to their Decision. While it is rare that this works - we occasionally use this process to try to allow an Amended return which is lodged after the standard 2 year amendment period.

Your 2023 tax return refund is due to Tax payable at regular tax rates 1. PAYG withholding by your employer being slightly more than needed based on your salary 2. Plus your Deductions at your Marginal Tax Rate (34.5% between 45k-120k) 3. Less Other Income at your Marginal Tax Rate (34.5% between 45k-120k). Other Payables 1. Medicare Levy / Medicare Levy Surcharge / HELP/HECS Debt Repayment, etc. Other Credits 1. Tax Offsets (some are calculated automatically based on your income), or based on how we input your tax return. 2. Dividend Franking Credits While our software estimates the tax refund/payable - only once the tax return is submitted to the ATO do they do their calculations and checks and (when finished) send the Notice Of Assessment.