OzLedger - Accountants & Tax Agents

05/09/2026

ATO Late Lodgment Penalty Awareness

Missed the ATO Deadline? Here's What It Could Cost You

Did you know the ATO can fine you up to $1,820 for lodging your individual tax return late, and even more for businesses ($3,640 for medium entities, $9,100 for large entities, and up to $910,000 for Significant Global Entities)?

The ATO sometimes waives this "failure to lodge" penalty the first time, but they won't be as forgiving a second time. If you've missed a deadline before, don't wait for the next one to catch you out.

At OzLedger, we help individuals and businesses across Australia stay on top of their tax return, BAS, and payroll deadlines so you never have to worry about ATO penalties again.

Behind on your tax return? Let's get it sorted before it costs you.

14/05/2026

Federal Budget 2026–27 Update
Important Changes for Property Investors

The Federal Government has announced proposed changes to negative gearing and Capital Gains Tax (CGT) as part of the 2026–27 Budget.

Negative Gearing Changes

Under the proposed rules:

Investors who purchase an existing residential property after 7:30pm on 12 May 2026 can still claim negative gearing deductions under the current rules until 30 June 2027.

From 1 July 2027, rental losses from these properties will generally no longer be deductible against salary or other income.

Instead, those losses may only be used against future residential rental income or capital gains.

Newly built properties are expected to continue qualifying for negative gearing benefits.

Existing investment properties owned before Budget night are expected to be protected under grandfathering provisions.

25/04/2026

Why should I use OzLedger instead of lodging myself?

Doing your own tax return through myGov is an option — but it comes with risks. You might miss deductions you're entitled to, or make errors that trigger an ATO review.

Our team finds things most people miss, and we can represent you if the ATO ever comes knocking.

For most clients, what we save them more than covers our fees.

25/04/2026

What do I need to bring to get started?

Not as much as you'd think. For most individuals, we'll just need your income statements, receipts for any deductions, and details of any investments or rental properties.

We'll give you a clear checklist once we've had an initial chat.

25/04/2026

Why should I use OzLedger instead of lodging myself?

Doing your own tax return through myGov is an option — but it comes with risks. You might miss deductions you're entitled to, or make errors that trigger an ATO review.

Our team finds things most people miss, and we can represent you if the ATO ever comes knocking.

For most clients, what we save them more than covers our fees.

Send a message to learn more