This is certainly the case when it comes to tax. If you knew that you can avoid having to pay a tax liability each November, and instead have an interest-free loan from the tax office for around six months, would you try it? Hard to imagine, why not? If an individual taxpayer uses a registered tax agent they can generally defer the lodgement of their tax return and payment of any final tax liability until around at least March, but often May of the following year. This is a significant benefit for anyone paying tax. Incidentally, the reverse of this logic applies when the Australian Taxation Office owes you a refund. In that situation, you’re much better off getting your return in quickly.
1st-September-2010 |