May 12, 2022 | Uncategorised
The ATO restarts debt collection. Over the last couple of years, the ATO was not actively chasing unpaid taxes. Their debt book increased from $20 billion to $52 billion in just a few years, with a large portion of this acquired since COVID-19 commenced. Did you know...
May 9, 2022 | Uncategorised
The Director Penalty Notice: avoid your company debt becoming your debt The ATO have sent out 50,000 warning letters for the possible issue of Director Penalty Notices (DPN) for outstanding company debt; prepare yourself now! The Australian Tax Office recently started...
Mar 31, 2022 | Uncategorised
In 2021, the Australian Taxation Office (ATO) had $50 billion in collectable taxation debt. Tax debt is a significant and growing problem for Australia and the ATO is now focusing their efforts on collecting this from businesses. Small businesses accounted for the...
Aug 27, 2021 | ATO Notices, ATO Tax debt, Other ATO Matters, Tax Changes, Uncategorised
Act now before it's too late!It’s vitally important to keep your credit report as clean as possible so act now before the ATO report your debt to credit bureaus. If you’ve received a letter from the ATO it’s important to act on it immediately so call...
Jun 27, 2021 | ATO Notices, ATO Tax debt, Other ATO Matters, Tax Changes
What is good debt and bad debt… You would be forgiven if you thought the ATO were not chasing unpaid taxes. Their debt book as increased from $20 billion to $53 billion in just a few years with a large portion of this acquired since COVID-19 commenced. Did...
