Our Practice Areas
Through years of experience as ATO senior debt case officers and as Tax Debt Strategists, we successfully negotiate ATO Tax Debt and State Revenue debt for Individuals and Companies.
The ATO can issue a garnishee notice to a person or business that holds money for you or may hold money for you in the future. This requires them to pay your money directly to the ATO to reduce your debt. The ATO will send a copy of the notice to you. The ATO may issue a garnishee to your financial institution, trade debtors and suppliers of merchant card facilities
Directors Penalty Notice
Directors can incur penalties equal to their company’s unpaid PAYG withholding liabilities or superannuation guarantee charge.
Creditors Statutory Demand Notice
The ATO can issue a Statutory Demand for payment to a company that has not paid its debts. A Statutory Demand requires the company to pay the entire debt or enter into a payment plan within 21 days. If a company doesn’t comply with the Statutory Demand, the ATO may use the non-payment as evidence that the company is insolvent and apply to the Federal Court to wind up the company.
The ATO may issue a summons which is an official court document, to an individual whom as not paid their personal tax debt. If the debt is not paid, judgement is obtained which is likely to be followed by bankruptcy if the judgement debt remains unpaid. (Sri, I’m not 100% sure this is technically correct but Phillip will know, I think)