What happens to your tax debts when you go bankrupt?
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 […]

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ATO About To Recommence Recovery Action
ATO About To Recommence Recovery Action

The ATO has largely put its recovery efforts on hold for the larger part of the Covid-19 pandemic. With businesses struggling to stay afloat even with JobKeeper, some business have been accruing tax debts which they cannot reasonable pay. As a result, the ATO has racked up $53 billion worth of unpaid taxes, up from […]

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Tax debt write offs: Are the debts really gone?
Tax debt write offs: Are the debts really gone?

The ATO can “write off” a tax debt if it decides that it is not commercially viable to pursue the debt. However, that doesn’t mean that the debt is gone forever and the ATO can re-raise the debt in the future. So why does this happen? ATO determines a debt is not viable to pursue […]

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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?
We can help.  So call us today.

Contact Us

We’re here to help so contact us now for a free no obligation consultation.

Tax Debt Solved
GPO Box 691
Brisbane Qld 4001

Email: mail@taxdebtsolved.com

Fax:  07 3221 8885
Phone: 07 3221 0055





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