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Thanks for the advice Paul. I think I will start another account to transfer a certain percentage of income so that will pay for tax, gst and catchup tax payments.

Thanks for your reply mro. Yes it is for my business. I used to put a side money for my tax and never used to have a problem with it until I had an emergency where I had to use that money and have been struggling ever since to try and catch up. That is a good idea about starting another...

Hi all, I have a tax bill of $15k after I just done my last bas report. It seems that as soon as I have my tax close to being paid off it time for the next bas report. Is there a way to get a head with paying the tax. Would buying an investment property allow me to get a reduction on my...