Here is how to avoid a tax time scam
There is an uptick in scammers taking advantage of Aussies doing their tax returns. Don’t fall victim to an ATO tax return scam....
We will be closed from 20 December and will reopen on 6 January. We wish you a Merry Christmas!
About
-
About us
BG Private is an AFR Top 100 accounting, audit, and advisory firm.
-
Our history
We have a proud 45-year history. Learn more about our journey here.
-
Our purpose statement
Discover our client service ethos, and the philosophy that drives us.
-
Need a guest speaker?
Our experts can present on a range of topics. Find out more here.
Services
Services for businesses
-
Accounting & Business Advisory
Discover how our accounting and advisory services can help your business grow and reach its goals.
-
Audit & Assurance
Find out how we can assist you with your audit, assurance, and statutory reporting requirements.
-
Tax Advisory
Learn how we can answer your complex tax questions with our specialist insights and advice.
-
Corporate Advisory
Find out how our strategic and operational involvement can help your business maximise its value.
-
Private Equity
Learn how we generate healthy returns for investors by backing ambitious SME founders.
-
Property Advisory
Discover how we can help maximise your property portfolio with insights, strategy, and transaction support.
-
Bookkeeping
See how our bookkeeping services can help your business run smoothly so you can focus on growth and profitability.
Services for individuals
-
Accounting Services
Discover all the ways we can help you navigate and optimise your tax matters.
-
Tax Advisory
Learn how we can answer your complex tax questions with our specialist insights and advice.
-
SMSF Management
Discover how we can help with the administration of your Self-Managed Super Fund.
-
Financial Planning
Find out how we can help you reach your financial goals.
Specialisations
Industries
-
Music & entertainment
Find out how we take care of the numbers so you can get back to playing the numbers.
-
Professional services
Explore how we can take care of the books so that you can spend more time on your clients.
-
Manufacturing, wholesale & retail
We can make your life easier while you make things for us all.
-
Property, construction & trades
We can help you build your financial future while you help build Australia.
-
Regional businesses
Look into how we can help you navigate the lay of the (tax) land while you work the land.
-
Tech, media & creatives
Learn how we can take care of the “boring but important” so you can focus on making magic.
-
Hospitality
Read up on all the services we have for you, so you can get back to serving your guests.
Business types
-
SMEs
Learn how we partner you along your journey to help you create a thriving business.
-
Not-for-profits
Learn how we can help with your accounting and audit needs so you can focus on helping others.
-
Family businesses
Discover how we can help you every step of the way as you build a legacy-leaving family business.
-
Australian businesses overseas
We can help you navigate the exciting process of expanding overseas.
-
Foreign companies in Australia
We can help you set up and run your operations Down Under.
Insights
-
Articles
Read the latest BG updates and interesting articles from our expert advisors.
-
Case studies
See examples of how we have helped clients to learn how we can help you as well.
-
Video & podcasts
Get the latest insights from our experts on a range of topical money matters.
-
Events
Discover our upcoming events including webinars, in-person events, and fundraisers.
-
Resources
Check out our helpful info sheets, tools, and websites.
Careers
-
Why choose us
Find out how we can help grow your career, and learn about our rewards and benefits.
-
Current opportunities
We are always looking for talented people! Browse our vacancies and apply today!
-
Recruitment process
We like to make the recruitment process as seamless as possible. Learn more here.
-
Experienced professionals
Find out why BG Private is a great place for seasoned professionals.
-
Graduates
Apply what you’ve been learning to real-world cases – launch your career with us!
-
Interns
If you’re studying Accounting, kick-start your career with an internship at BG Private.
Do you have a new PAYG message in your myGov inbox?
- 28 November 2024
- by BG Private
- 5-minute read
The Australian Taxation Office (ATO) uses the myGov platform to communicate important tax information such as your Income Tax Assessments and Activity Statements, including PAYG Instalment details.
Keeping track of this tax information is essential for avoiding any potential penalties or interest charges if any tax liability is not paid in time.
What are PAYG instalments?
PAYG instalments are regular prepayments of the expected tax on your business and investment income. They are usually paid quarterly and due on:
- 28 July
- 28 October
- 28 February
- 28 April.
Therefore, it is recommended that you maintain a diary note to ensure that these instalments are paid by the due date.
Don’t these notices come in the post?
The ATO prefers paperless communication and they can enforce this preference without warning by discontinuing mailed notices and starting to send them electronically.
Often, the only notification that you will receive from the ATO when a PAYG instalment is due is that there is a new message in your myGov inbox.
How to check your PAYG instalments on myGov
- Log in to your myGov account on your computer or via the official MyGov app using your login credentials.
- Access the ATO services. If you haven’t already done so, you will need to link your myGov account to the ATO. You can find instructions on how to do this here.
- Navigate to the PAYG instalments section: Within the ATO services, go to Tax > Lodgements > PAYG instalments.
- Review your instalment details. Check if there are any instalments outstanding and if the amount of the instalment is appropriate to your current circumstances.
- If your circumstances have changed, you may adjust the amount you pay however underestimating income may attract penalties from the ATO.
- Make a payment using one of the payment methods provided.
Why it’s important to pay on time
Please ensure you pay your PAYG instalment by the due date. The ATO have been imposing penalties and interest on late payments, which they are now less likely to waive than they have in the past.
Scam warning
Never click on a link in an SMS or email claiming to be from the ATO – these may be a scam. Instead, type in the my.gov.au address directly into your browser or use the official myGov app on your phone. Legitimate ATO notifications will be there.
Need help?
If you encounter any issues or have questions about your PAYG instalments, please do not hesitate to contact us. Our team of experienced accountants is here to help you navigate the myGov system and ensure your tax affairs are in order. Call +61 3 9810 0700 or email
