Support for your business in difficult times
The ATO have a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial hardship.
Depending on your circumstances, they 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, for example, if you need to access government payments or concessions
- help you reconstruct lost or damaged tax records
- prioritise any refunds you are owed
- remit penalties or interest charged during the time you have been affected.
If youโre in financial difficulty and need support, the small business debt helpline offers free, independent and confidential advice for small business owners.
Read more:
Source: https://www.ato.gov.au/Newsroom/smallbusiness/General/Support-for-your-business-in-difficult-times/
