We understand that meeting your tax obligations can be challenging at times, especially if you’re facing financial difficulties. However, it’s crucial to stay on top of your responsibilities, even if you’re unable to pay on time. Failure to meet tax obligations, such as not lodging your returns promptly, can lead to penalties. As of 1 July, the Commonwealth penalty unit amount has increased to $313 for infringements occurring on or after that date.

At Journey2 Business & Personal Wealth, we want to help you navigate these difficulties and find a suitable solution. It’s important to reach out to us as early as possible, regardless of your financial situation. By understanding your circumstances, we can provide the right advice and support when you need it most. For further information you can visit the ATO website by clicking here.

By proactively addressing your tax obligations and seeking assistance when needed, you can avoid unnecessary penalties and ensure your business remains on solid financial footing. We’re here to support you every step of the way.