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Tax basics for small business

 
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Payment options

There are a number of options for paying amounts you owe us.

You must always include the relevant payment slip or EFT code details with your payment. Your EFT code is the payment reference number (PRN). It is printed directly above the barcode on your payment slip.

Whichever method you choose, your payment must reach us on or before its due date to avoid any late payment penalties.

Attention icon

You cannot make payments at any of our offices.

BPAY®

Make a payment directly from your cheque or savings account to us using your financial institution's telephone or internet banking service.

You must quote our biller code (75556) and the EFT code or PRN from the relevant payment advice.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

Credit card

Credit card payments can be made online or by phone. To make a credit card payment you will need:

  • a current Visa, MasterCard or American Express card
  • your EFT code or PRN.

Attention icon

A card payment fee applies to transactions made using the credit card payment service.

To make credit card payments:

Direct credit

You can transfer your payment to us online from your cheque or savings account.

Details you need:

Bank:

Reserve Bank of Australia

BSB:

093 003

Account number:

316 385

Account name:

ATO EFT direct credit official administered receipts account

Reference:

Your EFT code or PRN from the relevant payment slip

Direct debit

You can have your payment automatically deducted from a cheque or savings account if you complete a Direct debit request (NAT 2284) form and return it to us.

To find out more about direct debits and EFT, you can also:

Mail

The mailing address for payments is shown on the relevant payment slip or pre-addressed envelope, if supplied.

You should include your payment slip or a note that states your:

  • full name
  • address and phone number
  • account identifier - for example, your TFN, ABN or client identification number
  • payment type, for example, BAS payment, income tax or HELP.

Do not send cash or use pins, staples, paper clips or adhesive tape to secure paperwork.

Australia Post

If you have a pre-printed payment slip with a barcode, you can pay in person at any Australia Post outlet.

Attention icon

We cannot accept photocopies of payment slips.

A $3,000 limit applies to cash payments and EFTPOS payments are subject to your financial institution's daily withdrawal limits.

If paying at a post office, you still need to send your activity statement to us.

Make cheques and money orders:

  • for amounts in Australian dollars
  • payable to the Deputy Commissioner of Taxation.

Attention icon

Your cheque must:

  • be crossed 'Not negotiable'
  • not be post dated.

Sections within Paying your tax

Last Modified: Thursday, 8 September 2011

 
Table of contents
Copies of this publication
About this guide
A quick tax guide for your business
Starting your business
Choosing a business structure
Registering your business for tax purposes
Keeping good records
Working out your income tax
Claiming deductions
Tax concessions for small business
Making capital gains
Contractors and consultants
Offsetting your business losses
How GST works
Employer obligations
Your super obligations
Your FBT obligations
Activity statements
Tax returns
Paying your tax
Your first year in business
As your business grows
Selling or ending your business
Support for small business
Definitions
More information
Give us your feedback
 
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