Many Australian businesses are still dealing with higher operating costs, fuel volatility and supply chain pressure.
In response, the Federal Government has announced a range of temporary support measures, with additional flexibility also being encouraged across lenders, insurers and industry to help businesses manage short-term pressure.
What this may mean for SME’s?
For eligible businesses, support may include:
- more flexible ATO payment arrangements
- the ability to vary PAYG instalments where income has been affected
- possible remission of interest and penalties in some circumstances
- hardship support or repayment flexibility from some lenders, insurers and service providers
The ATO has also introduced a temporary fuel response payment plan, available by application until 30 June 2026, for eligible businesses experiencing difficulty meeting tax obligations due to high fuel costs.(https://newsletter.asbfeo.gov.au/pub/pubType/EO/pubID/zzzz69c34ea6013a3435/interface.html)
Why this matters!
When cost pressure starts to build, timing matters. The earlier a business reviews its tax position, cash flow and finance structure, the more options it may have available.
How Auscorp Finance can help?
At Auscorp Finance, we work with SME owners every day to help them review existing facilities, improve cash flow flexibility and explore funding structures that better suit the way their business operates.
If your business is feeling the pressure, now is a good time to have a practical conversation.
Need help identifying eligible assets or exploring financing options? We’re here to assist, contact us today to discuss your strategy!