#25167
Cosmo
Flatchatter

    Missy is spot on in saying that  “they maybe changing you hundreds of dollars for something that takes minutes.”

    Our strata has a small amount of interest so we must lodge a tax return. For tax purposes we are a company and need to lodge by the following January (I think). I prepare and lodge our strata’s return. Besides the front page I only really have to fill out 1 label in the return. 

    As for the need to lodge returns at all, from my knowledge Missy is also correct.

    I know of a few stratas who put their money in non interest accounts on the basis that while the strata may earn $200 in interest accountants charge $250 to prepare and lodge a return!

    The only other point I would note is that income includes charges to outsiders eg prospective purchasers for inspection of book etc.