Managing tax obligations can be challenging, particularly when cash flow is tight. A new Australian Taxation Office (ATO) course is helping small business owners better understand tax debt and the options available if they are struggling to pay on time.
The “Managing small business tax debt course” explains what tax debt is, how it can build up and the potential consequences of unpaid tax obligations. It also provides practical tips to help businesses stay on top of their tax, including managing cash flow, setting aside money for tax and keeping good financial records.
The course also outlines support options available to businesses experiencing difficulty paying their tax debt.
The…