The Importance of Keeping Your ATO Lodgments & Payments Up to Date

The ATO may require small businesses to switch from quarterly to monthly GST reporting from 1 April 2025.

Who Will The ATO Target?

• Anyone who has a history of non-compliance
• Anyone who has missed/made late payments
• Anyone who has lodged a BAS late
• Anyone who reports GST incorrectly

This shift aims to help businesses meet their obligations and establish better financial habits.

Regardless of the change it is important to stay on top of your ATO lodgments and payments.

Benefits of Staying on Top of Your ATO Lodgments and Payments

• Improved Cashflow: Regular, timely payments allow for better financial planning and cash flow management
• Avoid Penalties and Interest: You’ll prevent costly late penalties and accumulating interest charges from the ATO.
• Peace of Mind: Knowing your tax obligations are met and you can focus on your business.

Need Help?

Do you need some assistance with managing your ATO lodgments and payments? Get in touch with LINK Advisors today. Call 07 3899 8311 for more information.

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Blog Post – The Importance of Keeping Your ATO Lodgments & Payments Up to Date

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