ATO tax debt can be stressful, especially if you can’t afford to pay it. If you're struggling to pay your ATO tax debt, enter a payment plan with the ATO.
ATO tax debt can be stressful, especially if you can’t afford to pay it. If you're struggling to pay your ATO tax debt, enter a payment plan with the ATO.
When it comes time to bring outstanding ATO returns up-to-date, it is disheartening to see the interest and penalties piled on by the ATO.
In most cases, with careful and professional planning, accumulated tax debt can be managed and restructured to allow your business to continue trading.
Businesses ignoring outstanding Tax Debts should expect a negative impact to their Credit Rating. It will be on their commercial credit file for 5 years.
