ATO Debt

The Australian Taxation Office (“ATO”) may agree to a repayment arrangement over the telephone. However, if you fail to meet those arrangements, the ATO may issue an ATO Director Penalty Notice or a Statutory Notice.

If you have an ATO debt, telephone your accountant or us, before you enter into an agreement with the ATO. We can discuss your options

If you receive an ATO Director Penalty Notice, call us immediately. You have 14 days from the date of the Notice to choose from one of the options outlined in the Notice to avoid personal liability for the debt. No extensions of time are offered by the ATO. We can discuss your options to avoid personal liability and also, remedial action to save the business, or if not possible, formal administration options.

If you are director of a company, and you resign as a director, be aware that you continue to have exposure for unpaid PAYG during the time you were a director, if a Director Penalty Notice is issued.

This information is not a substitute for advice concerning your circumstances. Liability limited by a Scheme approved under the Professional Standards Legislation. 

ATO Debt l ATO Director Penalty Notice l Director Penalty Notice l Bankruptcy l Business Bankruptcy
Business Failure l Company Administration l Company Bankrupt l Company Debt l Company Liquidation
Deed of Company Arrangement l Insolvency l Insolvency Advice l Insolvency Specialist l Insolvent
Insolvent Trading l Liquidation l Liquidators l Small business bankruptcy l Statutory demand l Tax audit
Tax debt l Tax debt help l Unpaid tax l Voluntary Administration