With a business, the entire work depends on money and possibility is that sometimes you might not have enough money or funds so that you can make purchases, or pay bills or even for paying your tax. But, this is also true that delay in tax payments would definitely leave you with some penalties. We are having the tailored approach to the client to dept.
Any of the businessmen can also opt for ATO Debt, if not able to make tax payments on time. For that you have to submit the activity statements and tax returns timely even you are not able to make tax payments. This way you can save you from paying penalties for not lodging your tax payments on time. When you would opt for the process, then also would give ATO an idea that you are aware of the obligations and would make efforts to clear payments with least possible time.