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Professional Standards Legislation.
19 May
ATO now chasing old tax debts
The ATO has taken virtually no recovery action to collect tax debts since the start of the Covid-19 pandemic. However, they are now beginning to engage with businesses to collect tax debts and will take future recovery action as necessary. This will be a soft engagement at first. ATO Commissioner Jeremy Hirschhorn has recently said that while the ATO […]
Read more 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 07 Jun
Will the ATO vote for a Personal Insolvency Agreement
If you have a tax debt which you cannot pay, one option to deal with the debt can be to put forward a proposal for a Personal Insolvency Agreement. A Personal Insolvency Agreement is a binding agreement with your creditors to compromise your debts. To propose a Personal Insolvency Agreement, you have to appoint a […]
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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