There’s no doubt that Coronavirus has brought trying times to everyone. However, at the heart of adversity have been small business owners nationwide. The Australian Tax Office have released a new article to their website noting that “running a business in times like these can add stress which may affect your mental health.” There are a few things they’d like small business owners to keep in mind:
It’s never too late to ask for help from the ATO or your registered tax or BAS agent.
Payment plans, deferred lodgements, and fast-tracked returns are all possibilities.
Whether or not you’re a new business owner, or you’ve been in the game for a while, their range of tools and services will offer you support to identify and rectify struggles.