A review carried out by the ATO shows that undisputed tax debts have increased by 77.6 percent in the four years to 30 June 2020. Inspector-General of Taxation and Tax Ombudsman, Karren Payne’s review found that collectable debt has grown from $19.2 billion at 30 June 2016 to $34.1 billion at 30 June 2020. The […]
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Has your company got a tax debt it can’t pay? If so, you can ask the ATO for a payment arrangement. And as part of a payment arrangement the ATO may agree to reduce interest and penalties owed by a company. But the ATO will virtually never agree to reduce a company’s core tax debt. […]
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Have you or your company got a large tax debt? Do you want to get the debt reduced? Well, now is the best time to ask the ATO to reduce your tax debt.
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