Posts Tagged: bankruptcy

5 ways the ATO collects tax debts from individuals [infographic]

  Need help to deal with a tax debt? The ATO has a lot of ways that it can collect tax debts from individuals. Here are 5 tools that it can use against you when you owe a tax debt.   RELATED ARTICLES: [Video] The steps the ATO will take if it wants to make you bankrupt  ...

The steps the ATO will take if it wants to make you bankrupt

This video outlines the steps the ATO will take if it wants to make you bankrupt. https://youtu.be/NkWNg_6_qGc TRANSCRIPT Hi, it's Catriona, from Hartigan Law. In this video, I want to talk about the steps that the Tax Office will take if it wants to make you bankrupt. There are quite a few steps, so stick with ...

How the ATO uses legal action to collect tax debts from an individual

These are the steps that the ATO takes when it starts legal action to recover a tax debt from an individual (i.e. as a sole trader, an employee, or a partner in a partnership). Different steps apply to a company that owes the ATO a tax debt. When will the ATO use legal action ...

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 ...

How does the ATO collect tax debts?

Remember when you were young and you would ask your parents why you had to do something? Was their typical response 'because I said so'? Well, tax debts are a little bit like that. If the ATO tell you that you owe them an amount, then guess what? You owe them the amount, 'because ...