ATO Offers Support For Small Businesses Going Through Difficult Times.
We understand that sometimes things can get a little tough for small business owners. Whether it's due to natural disasters, struggles with mental health, or financial hardship, we know you're doing the best you can to keep your business running.
That's why we want to let you know about some of the options available to you if you find yourself in any of these situations. The ATO has a range of support available for small businesses experiencing difficult situations. Depending on your circumstances, the ATO may be able to:
give you extra time to pay your tax;
set up a payment plan tailored to your situation;
re-issue tax returns, activity statements and notices of assessment;
help you reconstruct lost or damaged tax records;
prioritise any refunds you are owed; and
remit penalties or interest charged during the time you have been affected.
If your business is in financial difficulty and needs support, please contact our office and we can assist in finding a suitable solution.
If you require any further information please get in touch with us.