There is no doubt that the tone of the Australian Taxation Office (ATO) has shifted from one of sympathy and understanding during the Covid pandemic to a business-as-usual debt collection mode.
It is warning businesses to take their tax and super guarantee (SG) commitments seriously or risk damaging their credit record.
As of July 2023, the ATO had issued 'Notices of intent to disclose business tax debts' to more than 22,000 businesses with a tax debt of at least $100,000 that is overdue by more than 90 days. More than 9000 businesses were expected to have their debts disclosed in October 2023 alone.
These notices are not mere reminders that your business owes money to the ATO, or that you are behind with SG contributions. They mean the ATO is preparing to report your outstanding debts to credit reporting agencies.
Denne historien er fra December/January 2023-utgaven av Money Magazine Australia.
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Denne historien er fra December/January 2023-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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