ATO AGGRESSIVELY PURSUING OUTSTANDING DEBTS

IF YOU HAVE AN EXISTING TAX DEBT, BE PROACTIVE AND DEAL WITH IT NOW.  DO NOT WAIT FOR THE DEBT COLLECTORS CALL!

In November we advised that the ATO were on a mission to reclaim unpaid tax debts.  We were not wrong! 

The ATO are aggressively pursuing collection of all outstanding debts, with less flexibility and assistance for businesses who are having trouble paying their tax debts.

The ATO recognises that businesses and individuals may experience cash flow issues and are generally agreeable to payment plans.  Though taxpayers that repeatedly default on agreed payment plans or deliberately avoid communication or payment to the ATO are being targeted.

This month we have received a record number of phone calls from the ATO and their Debt Collectors pursuing debts as small as $600 and wanting details of all related parties including our clients Self Managed Super Fund’s.

If you can’t pay your debt on time, please contact our office so we can liaise with the ATO on your behalf to get the payment plan you require.  You need to provision for tax within your cashflow requirements, the ATO are becoming less tolerant.

DO NOT IGNORE - the ATO has the power to garnishee your bank account or wind up your business for unpaid taxes.