Did you know that small businesses and sole traders who are having trouble paying their tax can set up payment plans?
A payment plan is a practical way to meet your payment obligations. It allows you to break down your payment into smaller, manageable amounts that you pay over an agreed period of time. You pay an amount every week, fortnight or month until the balance is cleared.
If you owe $100,000 or less you can set up a payment plan using our online services via myGov (if you’re a sole trader) or Online services for business (for other businesses).
At Pro Tax Accountancy, we can also set up a payment plan on your behalf using Online services for agents.
Eligible small businesses that owe overdue activity statement amounts may be able to pay them off interest-free over 12 months.