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PAST ARTICLES

Total Collectable Tax Debt Increases to $38.5 Billion

Total Collectable Tax Debt Increases to $38.5 Billion

The ATO’s recent report on its activities for the 2021 financial year has shown that total tax debt, which the ATO considers is collectable, has increased to $38.5 billion. This compares to $26.5 billion for the 2019 financial year. ...

ATO Garnishee Notices Issued to Debtors

ATO Garnishee Notices Issued to Debtors

The ATO can issue Garnishee Notices to debtors who owe money to a company. But how does the ATO know who owes your company money and how do Garnishee Notices issued to debtors work in practice?...

ATO begins effort to compel businesses to comply with tax obligations

ATO begins effort to compel businesses to comply with tax obligations

The ATO is aiming to compel businesses with significant overdue tax debts to comply with their tax obligations, by using credit agencies....

ATO Security as Part of a Payment Arrangement; What are the Risks?

ATO Security as Part of a Payment Arrangement; What are the Risks?

If you owe an ATO debt you can’t pay, you can seek to negotiate a payment arrangement with the ATO. If the ATO refuses to enter into a payment arrangement, then it may be an option to offer the ATO security to support the payment arrangement. ...

Risk of the ATO issuing a Garnishee Notice to your employer: A Case Study

Risk of the ATO issuing a Garnishee Notice to your employer: A Case Study

If our client had contacted us earlier, we could have advised him of how to deal with his tax debt and the risks involved....

Dangers of ATO Garnishee Notices: A Case Study

Dangers of ATO Garnishee Notices: A Case Study

This is Case Study of what happened to a client when the ATO issued a Garnishee Notice to their bank. And what our client should have done to avoid the risk....

Wrongly claimed JobKeeper? What happens next?

Wrongly claimed JobKeeper? What happens next?

Back in March 2020, the Federal Government rolled out the JobKeeper scheme. The scheme was intended to assist businesses that were financially impacted by the by the Covid-19 pandemic. ...

When Is Liquidation The Best Option For Your Company?

When Is Liquidation The Best Option For Your Company?

Is liquidation necessarily bad? Should you avoid liquidation at all costs? Or can liquidation actually be the best thing for your company? This article looks at the key issues of company liquidation....

COVID-19 Support Measures for Tax Debts

COVID-19 Support Measures for Tax Debts

The ATO has implemented COVID-19 Support Measures to ease the burden of tax debts during this time. ...

Risks of Director Penalty Notices: A Case Study

Risks of Director Penalty Notices: A Case Study

Our client could have avoided Director Penalty Notices and the liability involved. Contact us before it's too late. ...

Superannuation Guarantee Amnesty Becomes Law

Superannuation Guarantee Amnesty Becomes Law

On 6 March 2020, the Federal Government introduced a Superannuation Guarantee Charge (SGC) amnesty. The amnesty allows employers to disclose and pay previously unpaid SGC whilst taking advantage of some benefits. ...

Impact on Business of Coronavirus; Business Tax Debts

Impact on Business of Coronavirus; Business Tax Debts

The coronavirus has had a massive impact on businesses. Whilst there are various government support schemes in place, many businesses have been losing money and one of the first things that businesses stop paying are tax debts. ...

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