ATO Debt Collection and Small Business post COVID 19

The ATO appears to have changed it’s tune of late with a pause on firmer tax debt collection activity in the regions hit by lockdowns including Sydney, Melbourne and the ACT.

ATO Debt - Small Business

This is in contrast to the ATO’s stance during the middle of this year when it was expected the ATO would start ramping collection activity. ​While this pause may assist businesses in the interim, it is by no means a chance to be complacent and businesses should use this show of leniency to get on top of their affairs before the tax office works to recoup the now $34+ billion of collectable tax debt. Read more here Looking for assistance negotiating with the ATO? Its imperative you act quickly to ensure the debt doesn't skyrocket. Reach out to us to see how we can help today.