Bushfire Affected?
December 12, 2019
Affected By Bushfire?
Affected By Bushfire? Tax Help Is Available.
The ATO offers a range of services to those affected by bushfires.
The help available includes:
• Extra time to pay a tax debt or lodge forms
• Assistance with finding lost TFNs
• Get copies of tax returns or activity statements re-issued
• Assistance with re-construction tax records that are lost or damaged
• Fast-tracked refunds
• Payment plans tailored to individual circumstances (including interest-free periods)
• Remission of penalties or interest charged curing the time you are affected by a bushfire.
The ATO has also granted automatic deferrals to taxpayers in the Toowoomba Region postcodes of 4314, 4350, 4352, 4353, 4354, 4355, 4356, 4357, 4358, 4359, 4360, 4361, 4363, 4364, 4365, 4400, 4401, 4402, 4403, 4404, 4405, 4407, 4614.
If you would like help to access any of the ATO’s bushfire services or would like more information, get in contact with us HERE
What can your business do to overcome the cashflow, profitability and compliance worries?
With so many customer interactions taking place online, your online customer service has to be first-rate.
A cash flow forecast will give you business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow.
Research from MYOB shows nearly half of Baby Boomer business owners are planning to exit in the next 1 to 5 years. But do you have a succession plan in place?
Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low.
The Reserve Bank of Australia has lowered interest rates. What does a drop in interest rates mean for you, your business and your financial opportunities?
Proposed legislation from the Victorian Labor Government could offer your employees the right to work from home 2 days per week. We’ve outlined how to make the most of WFH.
Should you buy or lease your new equipment? Here are some pros and cons of each. We also can review your financial position, cashflow and cost base to decide whether buying or leasing is the right thing for your business.
The ATO’s updated Tax Time toolkit is your 101 guide to business taxes. We’ve summarised the key resources you can find in this toolkit, with links to the ATO site.
You’ve sold your business! But what happens now!? We’ve outlined five potential pathways your post-sale life could take, and how they help you find new goals and lifestyles.
