Jul 12, 2022 | ATO Debt Recovery Notices Solution, ATO Negotiations and Payment Arrangements, ATO Notices, ATO Tax debt, Debt Reduction Services in Australia, Tax Debt Services in Australia
Have you received a Statutory Demand? After a 2 year hiatus the ATO has recently started issuing Statutory Demands. Some believe you cannot negotiate once the ATO issue a Statutory Demand and feel their only option is to liquidate the company. This is not true but...
May 12, 2022 | ATO Debt Recovery Notices Solution, ATO Notices, ATO Tax debt, Debt Reduction Services in Australia, Tax Changes
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 | ATO Debt Recovery Notices Solution, ATO Negotiations and Payment Arrangements, ATO Notices, ATO Tax debt, Other ATO Matters, Tax Debt Reduced
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...
Feb 5, 2020 | ATO Debt Recovery Notices Solution, ATO Notices, ATO Tax debt, Good Debt vs. Bad Debt, Tax Changes
What is good debt and bad debt… Small businesses often need to take out a commercial bank loan to purchase inventory and debt is one of the ways of financing business operations. Lenders however, are becoming more tight-fisted with borrowers and those with bad...
Feb 5, 2020 | ATO Debt Recovery Notices Solution, ATO Notices, ATO Tax debt, Australian Taxation Office, Tax Changes, Tax Debt Services in Australia
What is a garnishee notice? Garnishee notices can be issued by a variety of creditors however they are quite regularly used by the ATO as a method of collecting outstanding tax debts. The ATO issues the notices pursuant to Section 206-5 of the Taxation Administration...
