How to Avoid ATO Penalties: 5 Mistakes That’ll Cost You

ATO penalties can hit hard—and fast. But they’re usually avoidable. Here are common mistakes we see:

Mistakes to Avoid:

1. Lodging late – Each document late = $275+ per 28-day period

2. Not registering for GST – Once your income passes $75,000

3. Claiming ineligible expenses – Triggers audits

4. Poor record keeping – Leads to disallowed deductions

5. Ignoring ATO letters – Can result in debt recovery or legal action

We’ve helped clients get penalties remitted—but prevention is always better than negotiation. Let Godspeed keep you in the ATO’s good books.