Blog tagged as PAYG

With Q1 closing on 30 September, this is the last real window to correct anything — a fix made now is a course adjustment, while the same fix in October becomes a more expensive cleanup exercise.

A new quarter's obligations begin regardless of whether Q1's figures were ever checked against reality — an unreviewed instalment amount doesn't fix itself, it just rolls forward until a large refund or bill eventually forces the conversation.

PAYG instalments are based on last year's income, so a genuine drop this year means overpaying — but varying the instalment down carries a real penalty risk if the estimate turns out to be significantly understated.