We have noticed in the last few months the ATO have taken a more firmer action on small businesses with outstanding tax debts. We have been told that currently businesses owe around $34 billion in taxes so we can understand why this firmer action is occurring.
Action that the ATO are undertaking is legal proceeding, garnishee notices, director penalty notices and in some cases winding business up.
We have a very good relationship with the ATO, and we find if we communicate with them we can organise solutions more often than not. In the past 6 months we have set up suitable payment arrangements for businesses as well as organised for the remission of general interest and penalties. We have also worked through with our clients and the ATO garnishee and director penalty notices with great results.
So if you are having issues with the ATO and paying a tax debt please speak with us as we can communicate with the ATO on your behalf. A majority of our clients value this service we can provide.