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ATO recommends that small businesses seek support

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.

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