ATO here to help NSW and QLD communities affected by March floods

first_imgATO here to help NSW and QLD communities affected by March floods The Australian Taxation Office (ATO) is reassuring communities that support is available for those affected by the New South Wales (NSW) and South-East Queensland (SEQ) floods in March. The ATO recognises the challenging conditions faced by those in affected areas, especially small businesses, and while their tax affairs may not be top of mind, support is available.Assistant Commissioner Andrew Watson said that people affected by the disaster should contact the ATO if they are struggling to meet their tax and super obligations.“Whilst the immediate danger has passed, we understand that there are lasting impacts for these communities, on top of challenges likely already being faced for businesses impacted by COVID-19. We are committed to assisting people get back on track. We have a range of practical options available to support those who have been affected by the floods, whether you’re an individual, business owner or primary producer we want to work with you to help sort out your tax affairs.” Mr Watson said.“We know your tax affairs may be the last thing on your mind, but we’re here to help when the time is right. If you’re struggling with your tax and super obligations as a result of the floods, give us a call on 1800 806 218 to discuss how we can support you. You can also discuss your options with your registered tax professional if you have one.”If people are having trouble meeting their tax and super obligations, the ATO can help. Depending on individual circumstances, the ATO may:give people extra time to pay their debt or lodge tax forms such as activity statementshelp re-construct tax records that are lost or damagedfast track refundsset up a payment plan tailored to individual circumstances, including interest free periodsremit penalties or interest charged during the time people have been affected.If your records have been damaged or destroyed during a disaster or incident, the ATO can re-issue copies of income tax returns, activity statements and notice of assessment. If you have lost your tax file number, we can use another method to verify who you are and help you access your tax information.The ATO is also reminding business owners that it is important to keep their Australian business number (ABN) information up to date, as it is:used by emergency services and other government agencies during times of natural disasterused by the government to identify where financial disaster relief is needed to help businesses recover in disaster affected areaslikely to be checked if they are applying for a grant or loan for their business.Business owners can access, change or cancel their ABN details online at abr.gov.au. All changes made to their ABN online will take effect immediately. /Media Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ATO, Australia, Australian, Australian Taxation Office, Commissioner, disaster, Emergency, Emergency Services, Government, incident, New South Wales, NSW, QLD, Queensland, Small Business, tax, tax returnlast_img

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