Posts Tagged: statutory demand

Statutory demands issued by the ATO

The way the ATO collects a tax debt differs depending on whether the taxpayer is an individual or a company. The first few steps are generally the same - phone calls, letters, perhaps a garnishee notice. For a company, the ATO may also issue a Director Penalty Notice to the directors, making them personally ...

5 ways the ATO collects tax debts from a company

  Need help to deal with a tax debt?   RELATED ARTICLES: Director penalty notice - personal responsibility for company tax How does the ATO collect tax debts? eBook - How to deal with your tax debt.

ATO action for winding up a company

The ATO can ask the court to wind up a company that hasn’t paid its tax debts. This is a serious step by the ATO, and is not usually taken lightly. The ATO’s debt recovery processes usually start with a discussion about the tax debt, and a request that you propose a payment plan. ...

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 ...