Small business support - overview

Reporting and paying your tax

We understand that being in business can be busy and stressful, so we want to help you report and pay your tax in the most efficient and simple way.

	Why this is important	Find out more
Do you know you can create a personalised calendar to help keep track of your tax obligations?	Your small business tax calendar is an easy-to-use computer tool that will help you plan and manage your tax obligations and give you timely reminders.	Your small business tax calendar
Do you know you may be able to choose how often you pay your GST?	You may be able to pay your GST, monthly, quarterly or yearly. How frequently you must report and pay depends on your business circumstances.	GST instalments
Do you know how to complete activity statements?	Businesses use an activity statement to report and pay a number of tax obligations, including GST, PAYG instalments, PAYG withholding and FBT. Correctly completing your activity statement is important to meet your tax obligations.	Guide to activity statements From 1 July 2012, a new self-assessment system applied to various indirect taxes
Do you know what small business benchmarks are and how they can help your business?	Small business benchmarks provide a snapshot of average business performance in an industry, by providing a measure of various business costs in relation to turnover. This can help you assess your business performance and meet your tax obligations.	Small business benchmarks
Do you know where and how you can pay your tax?	In order to avoid late payment penalties or interest, your payment must reach us in time.	Guide to managing your tax debt How to pay
Do you know we have a range of options to assist you if you are unable to pay your tax debt?	If you cannot pay your tax debt on time, contact us immediately on 13 11 42 to discuss your circumstances.	Difficulty in paying your tax debt (business clients) Use the Payment arrangement calculator.
Do you know how to get help reporting and paying your tax?	You can find out more about reporting and paying your tax at one of our introductory seminars for small businesses. We also provide a free and tailored assistance service to help you understand your tax obligations and entitlements, and what you need to do.	Small business webinars Free and helpful tax assistance - no strings attached
Do you understand how we assess business viability?	Our assessment of business viability looks at the ability of the business to pay its outstanding debts and meet its ongoing commitments.	The ATO looks at a range of indictors to assess business viability.
Did you know if you have assessable income from overseas, you must declare it in your Australian income tax return even if you have already paid overseas tax on that amount? You must also report certain foreign income that is exempt from Australian tax.	If you have paid foreign tax in another country, you may be entitled to an Australian foreign income tax offset, which provides relief from double taxation. Any exempt foreign employment income is taken into account in working out the amount of tax you have to pay on your assessable income, both Australian and foreign.	International tax essentials for businesses Guide to foreign income tax offset rules