We often get asked by company directors and accountants how does the ATO apply payments it receives and can the ATO be directed to apply payments in a certain manner. This is because it can be very important how the ATO applies payments which it receives. The application of payments becomes important where a company cannot pay its entire tax debt and is partially paying its debt or paying an amount via a payment arrangement.Read more
The ATO estimates that Australian businesses have failed to pay about $17 billion in superannuation from 1 July 2008 to 30 June 2016.Read more
We are commonly contacted by the accountants for companies which have large debts owed to the ATO. These companies have often defaulted on several payment arrangements and/or have been refused a payment arrangement by the ATO. In some cases, the financial position of the company is terminal and there is no option but to appoint a liquidator or voluntary administrator.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.