ATO debt collection activities
The government has been treading very softly over the past year in terms of the ATO debt collection activities.
But this is changing as the ATO now needs to start to get back to its normal processes. The latest update from the ATO is that every business should lodging all the required returns and the default is that everybody should be paying their ATO debts.
The ATO is conscious of those businesses who are still struggling and are expecting a lot of payment plans to get businesses gradually back fully into the system.
If this is you, there are two keys things you need to do to make sure the ATO works with you during this period.
Firstly, make sure you are lodging all your returns.
Secondly, communicate with the ATO and work out a way forward for you to cover your ATO debts.
Do not put your head in the sand and ignore the ATO – otherwise they may be forced to take drastic action from which you may not recover.
If you are struggling to work out how much you can afford to repay the ATO, and you want some help, contact me below.
Contact Wayne Wanders for your FREE Business Survival Session
At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.
Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.
Wayne Wanders, A Real CFO
wayne@aRealCFO.com.au