29 January 2018
Did you know you don't need to wait for a bill from us to pay your tax? Prepaying can help stop tax bills sneaking up and putting a strain on your cash flow.
You can make payments at any time, for any amount and as often as you like, such as when your clients pay you.
When it comes to lodging your activity statements, you will still need to report full amounts, but you will only need to pay the balance owed.
You can also pay your income tax in advance by entering into pay as you go (PAYG) instalments.
Remember, registered tax agents and BAS agents can help you with tax advice.
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