Tax agents given e-extension

Relief has come at last for tax agents with the Australian Taxation Office indicating it will grant a two-week extension on business activity statement lodgements, due to problems found in tax software systems.

This year's tax time has been disastrous for some tax agents, with a number of software programs wrought with problems due to the limited time software suppliers had to translate recent Budget promises into systems.

The Australian Tax Office (ATO), however, has indicated to tax practitioners that it will grant a two-week extension on tax return lodgements.

The BAS lodgement deadline has been pushed back to August 27.

The software programs, reported to the ATO as having system problems, are MYOB, Elite, Handitax/Handisoft and Microtax.

The ATO says the extension only applies to tax agents using the faulty systems.

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