Mar 31, 2022 | ATO Notices, ATO Tax debt, Other ATO Matters, Tax Debt Negotiation in Australia
In 2021, the Australian Taxation Office (ATO) had $50 billion in collectable taxation debt. Tax debt is a significant and growing problem for Australia and the ATO is now focusing their efforts on collecting this from businesses. Small businesses accounted for the...
Aug 27, 2021 | ATO Notices, ATO Tax debt, Debt Reduction Services in Australia, Other ATO Matters, Tax Changes, Tax Debt Negotiation in Australia
Act now before it's too late!It’s vitally important to keep your credit report as clean as possible so act now before the ATO report your debt to credit bureaus. If you’ve received a letter from the ATO it’s important to act on it immediately so call...
Jun 27, 2021 | ATO Notices, ATO Tax debt, Other ATO Matters, Specialist in tax negotiations in australia, Tax Changes, Tax Debt Reduced
What is good debt and bad debt… You would be forgiven if you thought the ATO were not chasing unpaid taxes. Their debt book as increased from $20 billion to $53 billion in just a few years with a large portion of this acquired since COVID-19 commenced. Did...
Feb 5, 2020 | ATO Debt Recovery Notices Solution, ATO Notices, ATO Tax debt, Good Debt vs. Bad Debt, Tax Changes
What is good debt and bad debt… Small businesses often need to take out a commercial bank loan to purchase inventory and debt is one of the ways of financing business operations. Lenders however, are becoming more tight-fisted with borrowers and those with bad...
Feb 5, 2020 | ATO Debt Recovery Notices Solution, ATO Notices, ATO Tax debt, Australian Taxation Office, Tax Changes, Tax Debt Services in Australia
What is a garnishee notice? Garnishee notices can be issued by a variety of creditors however they are quite regularly used by the ATO as a method of collecting outstanding tax debts. The ATO issues the notices pursuant to Section 206-5 of the Taxation Administration...
