tax debt Archive
Small BusinessTax
From 1 July 2025, ATO interest charges such as GIC and SIC will no longer be deductible. Find out what’s changing and how your business can prepare.
Small BusinessTax
Letters are being sent by the ATO to directors of companies with overdue debts, cautioning that non-payment or lack of communication may lead to a director penalty notice (DPN) being issued.
Tax
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.
Small BusinessTax
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has now changed!
