Reconcile the debt
Confirm the ATO accounts, outstanding lodgments, payment due dates, interest and any existing arrangements.
Tax debt is often a symptom of a wider cash-flow or reporting problem. The practical response is to quantify the debt, bring lodgments current, understand payment options and build a plan that prevents new liabilities accumulating.
Confirm the ATO accounts, outstanding lodgments, payment due dates, interest and any existing arrangements.
Model the next 13 weeks so payment capacity is based on realistic trading cash rather than optimism.
Build processes so new GST, PAYG and super liabilities are identified and funded as they arise.
The ATO may permit instalment arrangements depending on the circumstances, but GIC can continue to accrue.
Refinance only where total cost, security and cash-flow impact genuinely improve the position.
Director penalty notices, statutory demands and insolvency concerns require prompt specialist legal, tax or restructuring advice.
The ATO may use garnishee notices, director penalty notices, credit-reporting disclosure and legal recovery action in appropriate cases. Early engagement matters.
The ATO outlines payment plans, garnishee notices, DPNs, debt disclosure and legal recovery options when debts remain unresolved.
Read the ATO guidance →This page is general business information only and is not legal, tax, insolvency or financial advice. If formal recovery action or personal director liability may be involved, obtain advice from appropriately qualified professionals immediately.
I can help organise the commercial picture and coordinate the next discussion with your accountant, lawyer, restructuring adviser or appropriately authorised finance professional.