SME Communicator - September 2011

Avoiding debt

Good record keeping for goods and services tax (GST) and managing cash flow are key to avoiding debt. We offer a range of tools and services to help small-to-medium enterprises from falling into debt, including online calculators and visits to your place of business or preferred location.

However, if your business is having genuine difficulty paying a GST debt, we may be able to assist with alternative payment arrangements.

We work with businesses and offer payment arrangements (interest free in certain circumstances) to those demonstrating a good compliance history along with ongoing viability and capacity to pay.

At 30 June 2011, we had almost 42,000 interest free arrangements in place to the value of $547 million.

We also provide cash flow relief to businesses through deferrals of the due date for payment of activity statements.

For more information, refer to: Help for small businesses experiencing short-term financial difficulties Free and helpful tax assistance - no strings attached.