Comments on: ATO 20% PAYG Reduction

By: Steve

Steve — Sat, 21 Feb 2009 03:17:40 +0000

Of course you will still have to pay the full tax at the end of the year. The whole point is to increase cashflow now when you can use the money. It also recognises that many businesses are expecting reduced profit, so it allows that now instead of waiting 12 months for your tax return. If your business is going great, go ahead and pay the whole amount now.

By: Shannon

Shannon — Wed, 11 Feb 2009 03:48:02 +0000

I agree that taxes are inevitable and that they pay for many things we take for granted. However, seeing as the economy has taken a downturn and there are many handouts for families and children etc, the idea that a 20% reduction may apply for the stuggling small business owner was exciting but as usual, short lived!

By: Ben May

Ben May — Thu, 05 Feb 2009 21:27:31 +0000

Jon I agree with you on this

By: Jonangel

Jonangel — Thu, 05 Feb 2009 06:54:15 +0000

Ben,
You should know by now death and taxes are obligatory. I have never worried about paying tax, because I know the more tax I pay the more money I have made.
I don’t know why people are obsessed with tax cuts?
Taxes are what pays for our infrastructure, no taxes and the whole bloody place will fall over.