tax debt

tax debt Archives

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Tax debt is tougher for SMEs in 2025. Here’s what to do if you owe the ATO

Tax debt is harder to tackle in 2025, with the ATO changing its approach to payment plans and interest. Here’s what to d...
Woman doing taxes at desk

Why ATO debt should become your top financial priority in 2025

With ATO tax debt no longer deductible from 1 July 2025, here's how SMEs can manage and refinance tax debt now to avoid ...

SMEs owe $34 billion in tax debt. Now, thousands are closing down.

SMEs are the largest cohort of businesses with tax debt defaults, owing the ATO a formidable $34 billion.

More Aussie businesses turning to business rescue programs to address tax-debt insolvency

Business owners are urged to overcome their fear and shame of being found to be insolvent and giving themselves the best...

Stricter ATO tax debt policy to affect small businesses

Small businesses have found it easier to apply for finance in the form of a payment plan with the ATO than a loan from a...
late payments, payment times

Businesses reminded to pay their tax debts to avoid disclosure to credit agencies

Disclosures on tax debts can adversely impact a business's ability to receive financing in the future.

Thousands of SMEs make use of ATO tax amnesty

The amnesty applies to small businesses with a turnover of less than $10 million with overdue tax payments between 1 Dec...
debts

Tax debts reach $34 billion as ATO resumes collection activities

Reports note that the ATO debt has been growing since 2019, further aggravated by suspended debt collection during the C...

Clear your ATO debt FAST with these expert tips

The free seminar will cover issues surrounding tax debt to assist businesses to navigate their way forward and clear the...