The ATO is providing additional support to taxpayers having difficulty meeting their tax and superannuation guarantee charge obligations for employees because of COVID-19. 

Available support includes the following: 

Lodgment or payment support options – for example, payment plans or remitting interest and penalties. 

Varying PAYG instalments – The ATO will not apply penalties or charge interest on varied instalments that relate to the 2022 income year where taxpayers have taken reasonable care to estimate their end of year tax liability. 

Moving from quarterly to monthly GST reporting for quicker access to refunds. 

Applying for administrative relief for Division 7A minimum yearly repayments. 

Editor: If you are struggling with your tax or super obligations, we can assist with identifying your options and apply to the ATO on your behalf. 

If you have any questions or would like to speak to one of our professional business and tax advisors, please contact our office on (08) 9392 7600 to make a booking or click here.

With three offices across Western Australia and over 20 years of experience, Muntz Partners is a dynamic team of highly trained and skilled individuals committed to providing innovative and effective advice, excellent service and maintaining only the highest standards in ethical professional practice.

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