Tax Debt? Take action now – the longer you leave it the greater the debt because general interest charge (GIC) accrues daily. The GIC can more than double the tax debt.
If you do not dispute the tax debt, taking action typically involves two steps. The first step is to attempt to reduce the tax debt by seeking a remission of interest and any penalties. The second step is to attempt to enter into a payment arrangement with the ATO in order to give you time to pay the debt.[...]
The ATO commenced debt recovery action and would not accept a payment plan. However Waterhouse Lawyers negotiated a Garnishee arrangement so that the company could continue […][…]