Our Latest Blogs

Company Liquidation is an option but before pursuing that, the process of debt collection used by the Australian Taxation Office will usually involve; Issuing reminder letters that state outstanding lodgements or debts exist. Issuing more serious reminder letters indicating possible penalties and interest charges that may apply to outstanding returns or non-payment of the debt. […]

Source: John Shepherd via LinkedIn: Single Touch Payroll is a game changer for tax and super reporting and the broader economy. It is an exciting digital initiative as it ultimately unlocks real time salary and wage information for all employees in Australia. For now, it means employers will report payments such as salaries and wages, pay as […]

The ATO has issued a consultation paper in which it is proposing changes to penalties for small business and individuals. In an on-going effort to encourage people to be willing participants in the tax system, the ATO is looking to soften its approach to the application of penalties for situations where there has been a failure to […]

Small businesses account for more than 60% of the total debt owing to the ATO. So if you’ve got a tax debt, you are definitely not alone. But don’t make the mistake of ignoring a tax debt. It is not going to go away on its own. In fact there is no time limitation for the […]