The Australian Taxation Office (ATO) is intensifying its efforts to collect outstanding tax debts, focusing particularly on small businesses. As of early 2025, the ATO’s collectable tax debt stands at approximately $50 billion, with a significant portion owed by smaller businesses. Key Developments in ATO Debt Recovery In 2025 the ATO is taking the following […]

The ATO’s annual report for the financial year ended 30 June 2024 has shown that Australia’s tax debt has continued to rise. What are the current total tax debts  The ATO has reported that: Total collectable tax debt now totals $52.9 billion increasing from approximately $50 billion in 2023. Total debt (being collectable debt, debt […]

The federal government recently passed a legislation in respect of the $450 a month wages threshold before an employer is required to pay superannuation. Formerly, employers were only required to pay superannuation for employee wages if the employee earns more than $450 a month. The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping […]