Posts Tagged: remission

A tip to help you with your ATO negotiations

Negotiating with the ATO about a tax debt can be tough. Here's one tip to help you in those negotiations. https://www.youtube.com/watch?v=SJTMbC4NBOU Hi, it's Catriona from Hartigan Law. In this video, I'm sharing a tip to help you in your negotiations with the tax office, whether that be for a payment plan or a remission of general ...

What happens to a tax debt during an objection or appeal?

If you've been audited by the ATO or received an estimate of tax, then you may not agree with the new amount the ATO says you owe. You have options for disputing these debts. Usually, the first step is to object to the ATO's decision about the debt. If the objection isn't decided in ...

Remission of the general interest charge – the tax consequences

When you don't pay a tax debt on time, the ATO imposes a 'general interest charge' (the GIC). The ATO has the discretion to remit the general interest charge (i.e. remove it from your account). The law is very specific about when the ATO can allow a remission. You should be careful when you make ...

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 ...