ATO makes changes to GST reporting requirements for non-compliant small businesses

The Australian Taxation Office (ATO) announced that starting 1 April 2025, about 3,500 small businesses with a history of late or incorrect GST reporting will move from quarterly to monthly GST reporting. This change aims to improve compliance and help businesses manage their tax duties better, making it easier for them to catch up on past obligations.

Is my business impacted by this?

The ATO will contact small businesses and their tax professionals when their GST reporting cycle is changed from quarterly to monthly.

I have received a notice from the ATO, what does it mean for me?

Don’t stress out about it! The notice just indicates an increase to the frequency of your GST reporting, with no changes to the contents of your reporting. This is to help improve your compliance with GST obligations and build good business habits. Changes to reporting cycles will remain in place for a minimum of 12 months as part of the ATO’s ‘Getting it right’ campaign.

How can Augmenta Advisory help my business?

Augmenta Advisory can help calculate, report and lodge your GST each month at a budget friendly price. With monthly GST payments, it is vital that you keep a closer eye on your business’ cash. We can help your small business monitor its cash flows and implement practical steps to improve cash flows, to ensure that you are able to pay and meet your GST obligations on-tim