Unpaid Tax Liabilities with ATO

Over recent months, we have seen the ATO vigorously pursue individuals and small business for unpaid tax debts. From 1 July 2017, the ATO will be able to disclose to the Credit Reporting Agencies the names of taxpayers who have unpaid taxation liabilities. This means that for businesses with tax debts, the true financial position of the business will become available to the public. Ignoring the ATO can in some instances be to your detriment At the outset, the threshold for this reporting will be restricted to those ABN’s who have tax debts exceeding $10,000 and with the debt outstanding for […]

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