Dealing With ATO Debts
April 24, 2024
The ATO has recently embarked on an agressive debt collection strategy. We are here to help.
With the economy largely returned to normal following the COVID-19 pandemic, the ATO has launched an agressive debt collection campaign which includes measures such as:
- Re-raising old debts which were previously deemed uneconomicial to persue;
- Issuing of Director's Penalty Notices;
- Garnishing cash held by banks and debtors; and
- Outsourcing debt collection to agressive third-party agencies
Being pursued by the ATO for tax debts can be stressful and emotionally trying. It can also hamper the continued operations of your small business.
There are a number of things we can do to assist you in dealing with ATO debts, including:
- Catching up outstanding lodgements so that your tax file is viewed more favorably by the ATO;
- Reviewing previous lodgements to ensure no tax credits have gone unclaimed;
- Setting up ATO Payment Plans, to give you breathing room;
- Negotiating for the ATO to remove penalties and interest for late lodgement and payment; and
- Helping you talk to insolvency experts about restructure, administration and bankruptcy if appropriate.
If you need help to manage your ATO debt, book an appointment with us and we can help find the best mix of strategies to get you back on track.
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