The sooner you address your tax debt, the better the outcome. Delaying action increases the risk of the ATO taking enforcement measures. Instead of proactively solving the issue now, you may end up dealing with complications such as Director Penalty Notices, garnishee notices, and other actions the ATO can impose. Acting promptly will help us avoid these additional challenges and find an effective solution for your situation.

First, we will assess your current position with the ATO by reviewing your accounts, understanding your resources, and analysing your cash flow. This will give us a clear picture of your ability to pay. Together, we will then plan the best course of action to address your tax debt, whether that involves gradually paying it down or negotiating a settlement with the ATO.

Understanding the demands and communications from an ATO case officer can sometimes be challenging. They may be requesting that your accounts are brought up-to-date, or they might be pushing for a settlement arrangement.

We will thoroughly review your position with the ATO and examine all correspondence related to your tax debt. Our expertise in negotiation and payment planning ensures that you won’t commit to arrangements that could jeopardize your cash flow. Let us help you navigate this process effectively and find a sustainable solution.

You don’t want to be pressured into accepting a deal that could negatively impact your cash flow and jeopardize your business. Tax debt should be repaid from your profits, meaning you need to have sufficient cash profit after covering all expenses to manage these payments effectively.

We assess the overall health of your business, evaluate its profit potential, and identify changes to enhance profitability. Only then do we consider negotiating with the ATO. It’s crucial to avoid making commitments you can’t fulfil and to ensure your business can manage the debt without resorting to risky loans.

When facing a tax debt, the ATO may approach you in various ways. Initially, they may request or insist that all lodgements are up to date. Subsequently, they might ask for a payment plan or seek clarification on certain matters.

During our initial consultation, we request access to your ATO portal to review all communications sent to you. Typically, we handle discussions and negotiations with the ATO on your behalf. Based on your financial situation, we explore and implement a range of potential solutions.

The ATO prioritises obtaining lodgements before pursuing payment. If lodgements remain outstanding despite repeated requests, the ATO may estimate your liability—often resulting in an inflated amount—and then pursue that estimated debt along with any associated fees and interest.

We start by contacting the ATO to request additional time. Next, we promptly work on completing your accounts. By analysing your business’s performance, we can develop a tailored plan to address any tax debt that arises once the accounts are finalized.

Tax debts can quickly escalate for a business. Missing one or two BAS lodgements can lead to significant interest and late lodgement fees, causing the debt to grow rapidly. Family issues and other distractions can also cause business owners to fall behind on tax compliance temporarily.

We begin by contacting the ATO to request additional time. Once all lodgements are up to date, we collaborate with you to develop a comprehensive plan before returning to the ATO for further discussions.