If you trade a business through a company and you have a tax debt, you have to be careful of ATO recovery action. The ATO has various recovery tools available to it. These recovery tools pose significant risks to your company and to you as well. So what can the ATO do? And how will […]
Read moreThis article has been updated to reflect recent developments with GST Director Penalty Notices. In July 2019, the Federal Government introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019. The legislation was passed by both house of Parliament on 5 February 2020. It gives the ATO the power to: Estimate GST payable by a […]
Read moreIf 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 moreIf you have a tax debt , you should urgently obtain professional advice and assistance. This will help you avoid ATO recovery action.
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