Managing your tax obligations is vital to running a business. The Australian Taxation Office (ATO) offers ATO payment plans for businesses and individuals struggling to meet their tax obligations. If your debt is between $1 and $200,000 and your tax returns are up to date, you may be eligible to apply for a payment plan. Acting early gives you more options and helps avoid additional interest or penalties. It’s always best to address tax debts as soon as possible to ensure your business remains financially healthy.