If you can’t pay your tax debts, the ATO can use various recovery tools. It may come as a surprise that one of these recovery tools is referring a tax debt to an external debt collector. The ATO can do this for tax debts up to $250,000.Read more
Often people with tax debts have no choice other than to go bankrupt. Bankruptcy currently lasts for three years, unless extended by a person’s bankruptcy Trustee. The Federal Government had previously introduced legislation to shorten the period of bankruptcy from three years to one year. The legislation had broad support and it had been recommended […]Read more
What are the requirements to pay superannuation? You must pay superannuation to your employees’ superannuation funds at 9.5% of their ordinary time earnings.Read more
If you have a tax debt , you should urgently obtain professional advice and assistance. This will help you avoid ATO recovery action.
We can assist you deal with your tax debt problems. So, please call us for an initial no obligation free consultation.