loader image

Home > Blog > Support for your business in difficult times

Support for your business in difficult times

Date: 21 January 2022

Australian Government Taxation Office – Article found here

7 January 2022

The Australian Government have a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial hardship.

Depending on your circumstances, they may be able to:

  • give you extra time to pay your tax
  • set up a payment plan tailored to your situation
  • re-issue tax returns, activity statements and notices of assessment, for example, if you need to access government payments or concessions
  • help you reconstruct lost or damaged tax records
  • prioritise any refunds you are owed
  • remit penalties or interest charged during the time you have been affected.

Need support?

If you’re in financial difficulty and need support, the government’s small business debt helpline offers free, independent and confidential advice for small business owners. We also have the expertise to help you work it out. Contact us today at enquiries@rm.net.au

Start today

To discuss with one of our estate planning experts. Start by emailing us at enquiries@rm.net.au

Contact Us +

Know More

NSW First home buyer property tax

NSW First home buyer property tax

From Saturday 12 November 2022 first home buyers can opt in to pay an annual property tax rather than stamp duty when buying their first home. The Bill to introduce this measure has completed its passage through NSW parliament and received assent today [Friday 11...

read more
Are Your Contractors Employees?

Are Your Contractors Employees?

Two landmark cases before the High Court highlighted the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that they will not be responsible for PAYG withholding,...

read more
Succession planning – NSW farming families

Succession planning – NSW farming families

The stamp duty exemption for farms in NSW has recently been broadened and will greatly increase the succession planning options available to families in the rural sector.   The past exemption for transferring farming properties between generations requires the...

read more