For anyone in business, this is a great tip shared by the ATO by a way of managing your cash flow and payment obligations.

https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/record-keeping-for-business/setting-up-and-managing-records/manage-your-business-cash-flow

Managing cash flow is crucial for ensuring compliance with the Australian Taxation Office (ATO) regulations and obligations. Effective cash flow management allows businesses to meet their tax liabilities promptly and accurately, avoiding penalties, fines, and potential legal issues associated with late or incorrect tax filings. By maintaining a healthy cash flow, businesses can ensure they have the necessary funds available to cover their tax obligations as they arise, thus demonstrating financial responsibility and reliability to the ATO. Additionally, proactive cash flow management enables businesses to plan and budget effectively, minimizing the risk of cash shortages that could impact their ability to meet tax deadlines and maintain a positive relationship with the ATO.