The general interest charge rate charged by the ATO changes every quarter. Read more about how it is calculated, and the reasons why it is more than a standard mortgage rate.
Understanding Your Tax Debt: Tax Debt Management? Take action now – the longer you leave it the greater the debt because general interest charge (GIC) accrues […]
The ATO can completely release an individual from some or all of their tax debt if they would suffer ‘serious financial hardship’ if they had to pay it.
If you're stressed about calling the ATO, these 7 steps will help. As a tax disputes expert, I follow these steps every call I make - and you should too.
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 […]
These are the steps that the ATO takes when it starts legal action to recover a tax debt from an individual (i.e. as a sole trader, an employee, or a partner in a partnership).
The ATO can charge a penalty of up to 90% of the primary tax debt if it issues you a default assessment or a notice of estimate. Read about how these default penalties are calculated and how they can be reduced.