Get tax and super advice you can trust....

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All too often, it’s money matters like tax and super that take a back seat at busy times. That’s why the ATO has set up a new program that provides tailored advice for small businesses. It could be just the helping hand you’re looking for.

Introducing… the Business Assistance Programme.

The Business Assistance Programme is designed to take some of the uncertainty out of tax, super and GST. The ATO understands that these can be challenging issues for start-ups and small businesses, so has stepped in with some useful help. The Programme is designed specifically for businesses that have:

·         recently registered for an ABN, 

·         registered or intend to register for GST

·         have a turnover of less than $2 million a year.

So, how does the Programme work?

Basically, the scheme gives you direct access to an ATO expert through three phone check-ins over a 12-month period. This is your chance to ask questions, understand your obligations and get expert advice that’s tailored to your business.

You’ll need to register for the Programme, but once you’ve done that, you’ll receive a welcome email within a couple of days, containing useful resources and links. Then the rest of the Programme rolls out like this:

Check-in 1

You’ll get your first call within 5 business days of registering, which will help you with answers to a range of start-up questions. These include:

·         Registering for GST or an ABN

·         Keeping proper records

·         Preparing tax invoices correctly

·         Understanding when to charge GST

·         Setting up and using myGov, myTax and the ATO app.

Check-in 2

Around 4 months after your first check-in, you’ll receive a second call. This will follow up on topics covered in the first call, as well as addressing a number of new topics that may now be relevant for your business, such as:

·         Business Activity Statements (BAS)

·         Hiring employees

·         Pay-As-You-Go instalments (PAYGI)

·         Super payments

This second check-in is a great opportunity to find answers to questions that have been cropping up over the first few months in business – so ask as many questions as you need.  

Check-in 3

Your final check-in call takes place a year after registration. Its purpose is to revisit any concerns, clarify any issues, and guide you towards resources that could help you in future. You may also be asked for feedback on the Programme.

A helping hand when it matters most.

While tax, super and GST are vital aspects of running a small business, they’re not always easy to get right first time. So don’t miss this chance to ask an ATO expert. Remember, the sooner you have these things nailed down, the sooner you can get back to doing what you do best – selling your services and growing your business.

To learn more about the Business Assistance Programme, visit www.ato.gov.au.