Your Credit History could be Ruined without an ATO Tax Debt Repayment Plan
New debt reporting powers given to the ATO could see businesses that owe more than $100,000 in tax and are more than 90 days in arrears without a payment plan, to be reported to credit agencies.
This will affect your future capacity to borrow from a bank from both a business and personal capacity.
It’s important that you communicate with the ATO and arrange for any unpaid debt to be on a repayment plan. The result is the ATO will not be chasing you and you can pay off all ATO debts over time without it building up to an unmanageable situation.
This is where Rubiix can assist
We can negotiate a tax repayment plan with the ATO on your behalf. Even if your tax owing is less than $100,000, it is vital that you are proactive. This will give you peace of mind that the ATO will not put a black mark against your name and start taking debt recovery action against you.
Simply email us and let us know that you would like us to prioritise negotiating a tax debt repayment plan with the ATO and we will help you get back on track.