Have you found yourself with a tax debt? The ATO want to work with you to assist you as much as possible.
A few points to remember:
- Notify the ATO asap so that the things don’t escalate. Ring the ATO on 13 28 65 (individuals), 13 72 26 (businesses) or your Tax Agent should be able to assist.
- Make sure your contact details are up to date with your Tax Agent and the ATO so that you are receiving all communications from the ATO.
- Review your budget and work out a payment arrangement that you will be able to manage.
- Ring the ATO direct or have your Tax Agent request a payment arrangement with the ATO.
- If you cannot adhere to an ATO payment Arrangement, then contact the ATO or your Tax Agent immediately.
- Defaulting on a payment arrangement can lead to more serious action from the ATO including legal action and may mean you don’t qualify for a payment arrangement in the future.
For further information please contact our office or refer to ATO link
