Blackburn Accounting - How to Avoid Aggressive ATO Recovery Action on Tax Debt

ato

ATO taking firmer steps to recover debts!

As we emerge from the COVID crisis the ATO has announced it will be more active with its debt collection recovery actions,

particularly targeting those refusing to engage with them or those posing higher risks.
These actions include recovery of director penalties, disclosure of business tax debts, garnishes and legal steps including creditors petition, summons and insolvency action.

The ATO’s preferred position is resolution through engagement rather than enforcement, acknowledging many small Businesses have been doing it tough during the pandemic.

To back this approach and help Debtors, they are offering tailored support and assistance to those with overdue debts.

You can take steps to avoid aggressive action.

Options include:

importantly contact the ATO to discuss your situation so payment arrangements can be set-up.

Alternatively, taxpayers with debts should speak with their registered tax agent who is authorized to act on their behalf.

Need help!

Blackburn Accounting is a tax specialist. Contact us today.

The ATO can be contacted on 13 11 42 or go to their website ato.gov.au/debt

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Gregg Mountford

"Tim has been our accountant for over 10 years and throughout that whole time, he has been very professional, trustworthy, efficient and a pleasure to work with. He has the capacity to understand complex issues and his knowledge is always up to date, providing a quality service."

Gregg Mountford Managing Director – Negotiator WA Pty Ltd

"Tim has been our accountant for the last eight years. He has an exceptional understanding of the for ever changing tax landscape which benefits all of his clients. As Tim has moved through his career we have followed, I think that’s testament to his ability!"

Leon Sainken Managing Director – LSA Advertising

"We have known Tim Blackburn since June 2007. He has been our accountant with the Glenrange Global Pty Ltd and Glenrange Enterprises refrigeration electrical engineering business and our food export business Auspies Pty Ltd to Russia."
Peter Shewring
Managing Director – Glenrange Global Pty Ltd

"During this time Tim has shown a professional aptitude to all matters of taxation and general advice for and to business, including the exporting business where there has been a high degree of complexity regarding accountancy, business strategies and taxation requirements.
From the exporting company inception, Tim travelled to Russia to facilitate Aussie Pie Pty Ltd for the compliance to both countries taxation regulations requirements.
Tim has the ability to place the customer and/or the company first, a rare commodity in today’s world."
Peter Shewring