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03 Jul
What happens to your tax debts when you go bankrupt?
If you cannot pay your debts, one option is to go bankrupt. One of the effects of bankruptcy is that you do not have to pay most of your debts. But does this include all tax debts you owe? What happens to tax debts generally in bankruptcy Tax debts are treated like most other debts […]
Read more 20 Jun
How does the ATO make you bankrupt?
The Australian Taxation Office (ATO) does not have the authority to directly make a person bankrupt. However, the ATO can initiate bankruptcy proceedings against a taxpayer if they have outstanding tax debts that have not been paid or resolved. The process typically involves: Firstly; the ATO commencing legal proceedings against an individual taxpayer for an […]
Read more 02 Sep
Tax debt owed by Australians increases
Tax debts owed by Australian businesses and individuals has been slowly increasing since the end of the Global Financial Crisis. The ATO’s figures show that collectable tax debt has now reached $23.7 billion, up from $19.2 billion in the 2016 financial year. The majority of this debt is owed by small businesses. There is also […]
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ADVICE AND ASSISTANCE
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.
Struggling with Tax Debt?
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Tax Debt Solved
GPO Box 691
Brisbane Qld 4001
Email: mail@taxdebtsolved.com
Fax: 07 3221 8885
Phone: 07 3221 0055