Family Tax Benefit (FTB) is a government payment to help families with the cost of raising children. Despite its name, it’s not a tax refund or tax deduction – it’s a social security benefit to help with everyday costs like food, education, clothing and other child-rearing expenses. Importantly, FTB is paid by Services Australia (through Centrelink), not the ATO.

Facing a tax bill is a common challenge for many Australian businesses. Whether you're currently managing a business tax debt or anticipating one in the near future, it’s important to remember that proactively engaging with your tax agent and the ATO is the best approach for getting your business back in the black.