No compliance, no extension: Accountant warns late lodgers as 31 Oct deadline looms

MELBOURNE, Australia - Oct. 29, 2025 - PRLog -- Nanak Accountants and Associates has been prominently featured in Accountants Daily, where Principal Accountant Puneet Singh delivers an important warning to taxpayers ahead of the 31 October 2025 lodgment deadline engaging a tax agent at the last minute does not guarantee an automatic extension to 15 May 2026.

In his Accountants Daily article titled "No compliance, no extension: Accountant warns late lodgers as 31 Oct deadline looms," Singh clarifies a widespread misconception about the ATO's Registered Agent Lodgment Program. He explains that taxpayers with outstanding prior-year returns as of 30 June 2025 are ineligible for the extended agent deadline and must lodge their 2025 return by 31 October 2025, regardless of when they engage an agent.

"The May 2026 extension isn't an entitlement - it's a compliance reward," Singh emphasized. "Taxpayers who maintain a clean lodgment record get to benefit from the extended deadline, while those with overdue returns must act now to avoid penalties."

The feature highlights Nanak Accountants' ongoing efforts to promote compliance awareness and help Australians stay on top of their tax obligations. The firm continues to advise individuals and businesses on timely lodgments and ATO compliance to avoid unnecessary fines.

About Nanak Accountants and Associates
Nanak Accountants and Associates is a Melbourne-based accounting and advisory firm specializing in small business growth, tax planning, and compliance strategy. Led by Principal Accountant Puneet Singh, the firm is dedicated to helping clients achieve financial success through expert guidance and practical solutions.

Read the full article on Accountants Daily: https://www.accountantsdaily.com.au/business/21871-no-com....

Visit: https://nanakaccountants.com.au