ATO promises not to ‘destroy’ businesses as it resumes debt collection 

Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” throughout the pandemic.

Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” throughout the pandemic.

As expected the tide is now turning with the ATO now looking to ramp up its tax debt collection activities. While, I am getting some comfort from the Deputy Commissioner with language such as a “soft engagement” I do expect that ATO to start chasing debt more vigorously.

Read the full article at: www.accountantsdaily.com.au

If you have concerns, contact us at Fortunity and we can guide you through the process.

 

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