The ATO are looking at offering small business tax relief in response to the coronavirus

This couldn’t come sooner!

Small business seems to miss out all the time.

I for one am a small business and I work with many clients that are also sole traders, small business.

The ATO are now looking at offering this area of the workforce (which is the backbone of the Australian economy) a tax relief in the light of the coronavirus.

To help small businesses they are looking at providing tax relief in the form of payment deferrals and access to goods and services tax refunds much faster than in the past.

By the most updated news it looks to include a four-month deferral for payments of amounts due through BAS (including PAYG installments), income tax assessments, fringe benefits tax assessments and excise. So that is definitely a positive in the right direction.

The ATO are trying to help businesses to assist them through this difficult time of uncertainty and I applaud them for what they are trying to do to ease the pressure.

If you need help or just want someone to talk too, to discuss your needs and help you through the different steps, then do not hesitate to contact me directly on 0429 363 047.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047
Qualified BAS agent with over 20 years Bookkeeping experience