Even if you cannot pay the ATO on time, it is important that you lodge activity statements or tax returns on time. This will show the ATO that you are aware of your obligations and are doing your best to meet them.
Depending on the circumstances, The ATO may be able to:
Set up an affordable payment plan.
Fast track any tax refund owing.
Defer a compulsory repayment (for example – Higher Education Loan Program).
Prevent any tax refund that may be due from being used to pay debts with other government organisations.
In special circumstances, the ATO can release you from paying some taxes if paying the taxes would cause serious hardship.
You can phone the ATO on 13 11 42 between 8.00am and 6.00pm, Monday to Friday, to discuss your situation.
Resources: For advice from the ATO on getting back on track click here
If we can be of any assistance, please contact the office on 02 4402 8913