Help: I’ve got a tax debt. I need a Payment Plan
The ATO is starting to ramp up its tax debt recovery actions. So if you have a tax debt it is very important to be proactive and organise a payment plan if you are unable to pay the tax debt in one lump sum. Ignoring a tax debt can lead to bankruptcy or winding up.
Components of a tax debt
A tax debt generally comprises principal tax, penalties and interest.
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 […][…]