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...
Feb 5, 2020 | ATO Notices, ATO Tax debt
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 Notices, ATO Tax debt
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...
