Tax Debt

The ATO sent a garnishee notice to my bank – now what?

One of the tools in the ATO’s tax debt collection arsenal is a garnishee notice. These can be issued to anyone who owes you money, requiring them to pay that money to the ATO instead. If you'd like to know more about how the ATO uses garnishee notices and who it can issue ...

Departure Prohibition Orders – how the ATO can stop you from leaving Australia by issuing a DPO

The ATO has the power to stop a taxpayer from leaving the country if they owe a tax debt. It can do this by issuing a Departure Prohibition Order. Once the ATO issues a DPO, you cannot leave Australia until the tax debt is fully paid or you reach a settlement with the ATO. DPOs ...

The ATO can report your unpaid tax debt to credit reporting agencies

A few months ago, someone asked me whether the ATO could report a tax debt to a credit reporting agency. I thought “great question!” and wrote an article about it. The answer, at that stage, was “no - not until the ATO has a judgment against you”. My article explained all the reasons why ...

5 tips to keep your ATO payment arrangement on track [infographic]

  Need help to arrange a payment plan with the ATO? A payment arrangement with the ATO can help you to deal with your tax debt without the fear that the ATO will make you bankrupt or wind up your company. Here are 5 top tips to help you keep your arrangement on track.   RELATED ARTICLES:  ...

3 tax mistakes that send sole traders bankrupt

When you’re running a business, you have a lot of things to worry about. Tax tends to be one of the last things on your “to do list”. But you shouldn’t ignore it - getting it right can be the difference between a successful business and going bankrupt. Here are three tax mistakes that ...

5 common ways that your ATO payment arrangement can default, and what to do to avoid it

If you owe the ATO a debt that you can’t pay upfront, then you should be in a payment arrangement. This is an agreement between you and the ATO where you agree to pay off your tax debt over time in instalments. In return, the ATO agrees not to use its debt collection ...

How to ask the ATO for a remission of your general interest charge (or GIC)

You’ve got a tax bill that you can’t pay. It’s growing by the day at a rate of interest that’s almost twice what you’re paying on your home loan. You want to get on top of it, but it feels like every payment you make just goes towards paying the general interest charge (or ...

ATO collecting debt over the phone – is it a scam?

The ATO uses a number of tools to collect outstanding debts, including by making phone calls. However, ATO staff are trained to be courteous to taxpayers, and the phone calls are generally only used to get an idea of when you expect to pay your debt. If you receive a call from someone who ...
Next Page »