Businesses have a lot on their plate at the moment and tax time may be the last thing on your mind.
The ATO has an array of initiatives and resources they have put in place to support Australian businesses at this time including deferral of payments and payment plans tailored to your business. But if you are starting to plan for your upcoming tax payments, our partner B2Bpay has a way you can make those payments more rewarding for your business.
With B2Bpay (a secure online payment portal) you can connect your accounting software and pay all your bills with any credit card, even if the biller doesn't directly accept card payments. You can also receive payments by card 24/7 with your own secure online payment page.
Utilising B2Bpay means your business could earn Qantas Points when you make your tax payments and if you pay with a Qantas Points earning credit card, you could earn even more.
Can you pay the ATO by credit card?
Yes, you can pay the ATO using your credit card – including Visa, MasterCard or Amex. The fees associated with paying the ATO vary based on which card you use, so make sure you check how much you’ll be charged in credit card fees and if you pay directly by your credit card to the ATO you will likely earn no or reduced Qantas Points depending on your card provider.
If you want to earn full points when you use your credit card, paying via the B2Bpay platform instead of directly will enable this, so you have the opportunity to earn Qantas Points twice on these payments.
What are the benefits of paying the ATO by credit card?
There are some good reasons why paying your tax bills by credit card makes sense:
1. Cash flow
Paying the ATO by credit card means the money doesn’t leave your bank account straight away. Instead you can hold onto your cash during the interest-free period on your credit card, and it won’t cost you any interest if you pay your credit card bill on time. It can also help you avoid any late payment fees or interest charges if you don’t have the cash available on the due date.
2. Credit card fees may be tax-deductible
You may be able to claim your credit card processing fee as a tax deduction for your business, which helps offset the additional cost of paying ATO bills by credit card. However, any interest you pay for late credit card payments is generally not tax-deductible.
3. Credit history
Paying your bills by credit card can be good for your credit history, provided you always pay your credit card bills on time.
4. Reward points
You may be able to earn rewards points on your tax payments, which wouldn’t be possible if you pay the ATO straight out of your own pocket. Earn 1 Qantas Point for every $7 paid to the ATO with a card through B2Bpay.*
How do I get the most rewards points when I pay the ATO by credit card?
While card issuers will give you reduced or zero credit card reward points when you pay the ATO, you can increase the reward points you earn by using a third-party payment service like B2Bpay.
With B2Bpay, you can pay by Mastercard®, Visa® or American Express®. Plus, each time you use a Qantas Points earning credit or charge card to pay your bills through B2Bpay, you can earn Qantas Points twice. Earn once with your Qantas Points earning card (including government and ATO spend).+ And earn points again using B2Bpay, with up to 3 Qantas Point per $1.50 on payments.*
What is B2Bpay and how does it work?
B2Bpay is a third-party payment service that allows you to make and receive business payments online using your credit card*.
Unlike using credit cards directly, B2Bpay allows you to pay the ATO while earning FULL credit card points (including Amex).
That means you can earn at least double the Qantas Points than if you paid directly, without paying double the credit card processing fee. Plus you can receive additional bonus Qantas Points on top of that, helping your reward points stack up even faster.
How much does it cost to use B2Bpay?
The only fee for using B2Bpay is a card processing fee – which ranges from 1.2% to 2.4% excl. GST (or 0.84% to 1.64% after eligible company tax deduction) depending on your card type.
This fee is outweighed by the value of the credit card and Qantas Points you can earn, plus the cash flow benefits of holding onto your cash longer.
Important Information
* A business must be a Qantas Business Rewards member to earn Qantas Points for business. A one-off join fee of $89.50 including GST normally applies, however this will be waived for B2Bpay customers. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions. Qantas Points for business are offered under the B2Bpay Customer Terms and Conditions. Members will earn 1 Qantas Point for every $7 paid to the ATO by credit or debit card, 1 Qantas Point for every $10 paid to all other billers by credit or debit card and 1 Qantas Point for every $3 paid to a biller by bank account. Members can also earn up to 3 Qantas Points per $1.50 paid to B2Bpay Bonus Billers. Earn 1 Qantas Point for every $20 paid to you by VISA or Mastercard through B2Bpay. See B2Bpay website for a list of current B2Bpay Bonus Billers. Qantas Points will be credited to the Members' Business Rewards account within 90 days of the eligible spend. Any claims in relation to Qantas Points under this offer must be made directly to B2Bpay by emailing help@b2bpay.com.au. Businesses must ensure the ABN registered with Qantas Business Rewards is saved in the B2Bpay customer profile or entered online when paying in order to earn Qantas Points. Qantas Points earned using B2Bpay will be automatically credited to your linked Qantas Business Rewards account within 90 days of your eligible spend as outlined in the B2Bpay Customer Terms and Conditions.
+ Qantas Points earning card products are not Qantas products and not offered or issued by Qantas but by the relevant Card partners. The applicable Card Partner is the credit provider and credit licensee under the National Consumer Credit laws. Points are offered by the relevant Card partner and partner reward program and can only be earned on eligible purchases. Contact the relevant Card Partner for terms and conditions or enquiries. Qantas Points are earned on every eligible card payment accepted through B2Bpay.com.au in conjunction with the relevant Card Partner terms and conditions.
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