Examples of some of the payment arrangements we have successfully negotiated in the past include:
We arranged a payment arrangement for several hundred thousand dollars for a retail business after the ATO had issued director Penalty Notices which had expired. The company’s directors were already liable for a large amount of the company’s PAYG Tax as a result of the expired Director Penalty Notices so they avoided personal liability as a result of the ATO allowing the company to pay amounts owed over time (which the company subsequently did).
We assisted a transport company negotiate its ninth payment arrangement for debts which totalled nearly half a million dollars. This included the ATO agreeing to write off some of the interest and penalties they had charged to the company.
We assisted and advised a group of civil contracting companies including negotiating a payment arrangement with the ATO which resulted in the ATO withdrawing a winding up application which it had filed against one of the companies which would have resulted in that company being placed in liquidation.
If you or your company has a tax debt which it is unable to pay you should urgently obtain appropriate advice and assistance to avoid the ATO taking recovery action in respect of its debt.
If you would like us to assist you, please don’t hesitate to contact us for an initial no obligation free consultation.