Is the ATO dropping a bomb on SMEs?
Back in August 2019 (which feels about a million years ago given what’s happened since!) we brought you news of the ATO’s intention to report business tax debt to credit rating agencies, and warned of the serious problems that could cause businesses wanting to borrow money in the future.
ATO Collectable Debt Rises to $34.1billion…
The numbers are out. And ATO collectable debt is up by a whopping 30%. This is not a surprise to most of us. In fact, the more worrying thing is how much ATO debt is NOT included in this number…
SGC and DPNs from the ATO: clear as mud?
It’s no secret that the ATO is looking to tighten-up their Director Penalty regime around Superannuation Guarantee (SG) obligations.
