You might owe money to the ATO if the total tax deducted from your income throughout the year was insufficient to cover your actual tax liability. This situation can arise if your employer withheld too little tax or if you had additional sources of income that weren’t subject to withholding. Incorrect deductions or failure to report all income accurately can also lead to a tax bill. To avoid underpayment, ensure all income is reported correctly and all eligible deductions are claimed. Contact one of our Tax Experts to help ensure you meet your tax obligations.