tax debt

The Australian Taxation Office (ATO) could soon disclose your business tax debt to credit rating agencies under new proposed legislation.

Having to cover a tax debt can have a detrimental impact on your cash flow and operations, especially if things are pretty tight already.

As we head into tax time, a tax audit is something which can be an extremely intimidating prospect for both you and your business.

Unpaid business tax debt may cause serious issues for your company. As a company director, you need to be proactive in managing your business' tax debt.

The best way forward if your business has an outstanding tax debt is to be pro-active and take control of the situation by negotiating an ATO payment plan.

To help you understand exactly what an ATO statutory demand is, and what the implications of receiving one are, we’ve answered all the questions for you.