Home » Who We Help » My Clients Need Help With Tax Debt
My Clients Need Help With Tax Debt
We work with a wide network of accountants, brokers, insolvency practitioners, lawyers and financiers to provide services for your clients facing tax debt.
Connect your clients with tax debt specialists
Tax Assure is Australia’s most experienced team of tax debt specialists.
With a team that holds more commercial, legal and tax advice experience than any of our competitors, we are the leading experts at negotiating directly with the ATO and state revenue offices to negotiate resolutions and reductions of overall tax debt. Often working as an extended “virtual team”, Tax Assure complements many finance-related service companies as we enable you to focus on your core business, while we utilise our niche expertise to help your client find a solution to their tax debt.
We work together with you, always focused on the best possible outcome for you and your clients.
Why refer clients to Tax Assure
- Better your clients’ overall financial positions, ensuring clients are lower risk and more stable
- Increase client retention by employing non-competitive external expertise
- We provide separate, specialist expertise in how to navigate the complexities of the ATO, the various debt departments, people, processes, regulations and documentation that is critical to ensuring the best possible outcome for reducing tax debt.
- Approximately 30-40% of Tax Assure’s clients are referred to us by accountants who want to connect those clients with specialists in managing tax debt.
- Create opportunities for increased engagement with clients to support and develop their businesses.
- Complete the transaction without ATO legal action interfering with the process.
- Complete transactions you may otherwise not be able to, due to the client’s compliance position and the size of the debt. Having clients in an ATO compliant position opens up lenders at a lower rate. If Tax Assure can reduce the client’s tax debt, this can also assist with their LVRs.
- It is a value-add to your client by having interest and penalties reduced, which can take place either before or after the finance is completed.
- We offer specialist expertise to clients who have received a DPN following insolvency
- Provide options to clients who are only considering insolvency due to tax debt
We only work with clients with tax debt who do not object to the amount of the tax debt. We do not provide legal advice or perform disputes work.
Our ATO debt resolution services
Tax Debt Negotiation
Expert analysis of your ATO debt to find out if you could be paying less by reducing any interest and penalties. We negotiate with the ATO on your behalf to achieve the best possible reduction of your tax debt.
ATO Payment Plans
Keep the ATO at bay with a payment plan suited to your needs for paying tax debt. We can almost always negotiate a better arrangement for those who already have an ATO payment plan in place.
Stop ATO Legal Action
If you have a tax debt, you are at risk of legal recovery action against you and your business. We engage with the ATO on your behalf to help with paying tax debt, preventing any impending or further legal action.
What Our Clients Say
“We have referred our clients to Tax Assure Melbourne and they have been delighted with Olga’s and her team’s exceptional service and professionalism. We have no hesitation in referring more of our clients to Tax Assure Melbourne and will be doing so again in future.”
– Aviator Advisory, via Google
What’s different about Tax Assure
Singular focus
Tax debt negotiation and resolution is all we do. We aren’t insolvency practitioners or lenders first. Our work complements that of accountants with a separate and unique specialty: a deep understanding of how to advise on and negotiate with the ATO and state revenue offices to achieve the best possible reductions of tax debt.
Unrivalled experience
We are Australia’s most experienced tax debt advisors. Our principals each have more than 20 years’ commercial, legal and tax advice experience. We value highly the trust we have earned from our clients and partners over years of help paying tax debt.
Unique expertise
No other firm in Australia who only provides ATO debt resolution services is registered with the Tax Practitioners Board, whose regulation ensures we meet national standards of professional and ethical conduct.
Independence is strength
Our independence means we have the freedom to always do the right thing. We don’t answer to a parent company, insolvency practitioners, or lenders. Our sole motivation is to manage and reduce your tax debt, getting you into a compliant position with the ATO so you can get on with business.
CLIENT QUOTE:
- "I cannot believe you have done this. You are a superstar."
If at first you don’t succeed, try again with Tax Assure
CHALLENGE:
- A tyre dealer with service garages had been growing before the pandemic, and then suffered greatly as a result of struggling to import tyres, paying increased shipping costs and the effect of the lockdowns on the garages. With a tax debt over $500,000, the Commissioner began steps towards ATO legal action when the director was issued with a DPN, making him personally liable for the outstanding debt. The company had tried several times to negotiate a payment plan unsuccessfully.
SOLUTION:
- Tax Assure investigated the client’s circumstances with the ATO and prepared relevant applications using our knowledge of the tax office.
RESULTS:
- We were able to negotiate an interest free plan on terms that suited the company’s cash flow, with a full remission of over $70,000 interest charges that had accrued on the debt to that point.
Frequently Asked Questions
No. In fact, working with Tax Assure enhances the process. Having your client’s tax debt reduced can assist with the LVR. And once your client is in a position of compliance with the ATO (for example, through an active payment arrangement), this can also open up the options of lenders significantly.
Yes and no.
Accountants have a broad role in the oversight of a client’s financial management. Whilst we often work closely with accountants as we help clients navigate tax debt, most accountants are not specialists in tax debt resolution.
Approximately 30-40% of Tax Assure’s clients are referred by accountants who want to connect those clients with specialists in managing tax debt.
Tax Assure provides a separate and specialist expertise in how to navigate the complexities of the ATO, the various debt departments, people, processes, regulations and documentation that is critical to ensuring the best possible outcome for your tax debt.