Together we can bring ReadyTax to Australia

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How does it work?


ReadyTax in brief

  • Supports small and family businesses manage cashflow by customising when they pay their PAYG instalment tax
  • Offers low-interest tax finance from an approved Provider to small businesses
  • Benefits small businesses with variable or seasonal cashflow
  • Revenue-neutral for Federal Government and economy-building

How it works

1
Provider and the ATO have an agreement setting out administration
2
Small business gets low interest rate from Provider
3
Provider pays tax to the ATO on the due date
4
The business pays back the Provider at a date they both agree

Example

1
Small business owes $1000 PAYG on 28 Oct 2019
2
Business arranges $1000 ReadyTax and pays the Provider 4% interest upfront
3
Provider pays $1000 to ATO on the due date, on behalf of the business
4
Business repays Provider $1000 on or before final payment date of 1 Dec 2020

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