Stay in control of your business

Stay in control of your business


Any business owner will tell you that businesses
go through their ups and downs and managing cash flow isn’t always easy. Jane runs an online fashion store and retail
outlet. After lodging her business activity statement,
she realises it’s going to be difficult to pay her tax on time. We’re here to support viable businesses like
Jane’s to help them meet their GST obligations and receive their entitlements. If you’re having similar problems to Jane,
it’s important that you lodge your BAS on time, even if you can’t pay by the due date. If you’re having trouble paying your tax debt
on time, call us as early as possible. We’ll work with you and take your circumstances
into account to see if there’s an alternative way to pay. This may help minimise additional charges
and penalties. While we support people who try to do the
right thing, in reality, a small percentage of people choose to do the wrong thing and
that’s who we take firm action against. In Jane’s case, her tax debt was $10,000,
so she phoned our 24-hour, automated self-help phone service on 13 72 26 to make a payment
arrangement. As well as paying her instalments, Jane also
needs to continue to meet her ongoing tax obligations. If you’re having problems paying your GST,
we’re here to help, which means you can get back to running your business. For more information, visit our website at
www.ato.gov.au/debt.

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