24 Sep 1010 On GST & payment arrangementsMEMBER 288 writes:
"The GFC is over!
Well that's the ATO's official position this week! No more will they accept that small business is struggling to survive! Apparently GST should be held in trust for the ATO & is not a business creditor like everybody else.
Well that's the position this week - no payment arrangement for late GST unless the client can come up with 50% upfront.
I’m sure the ATO will find the clients will just not come forward with a payment arrangement & we'll find more bankruptcies caused by ATO enforcement.
But who cares, the GFC is over (for everyone) isn't it?"