The ATO is changing how it looks at tax debt in 2025 - what can you do? | Olga Koskie & Michael Moon скачать в хорошем качестве

The ATO is changing how it looks at tax debt in 2025 - what can you do? | Olga Koskie & Michael Moon

Tax Assure's Michael Moon & Olga Koskie from our Sydney & Melbourne offices caught up talk about changes to the way the ATO deals with debt, deductibility of GIC (interest), SBRs, DPNs and more. Michael & Olga also discuss how businesses need sustainability with their repayment plans, and how Tax Assure often teams up with accountants to provide specialised ATO negotiation services. Some of the changes we note relate to DPNs , the personal debt loads of company directors, and how they can remain liable for company debts. There is somewhat of a sea change in the way the ATO is treating debtors as we move further away from covid and the pandemic days of repayment leniency. Getting workable payment plans and scrubbing interest & penalty charges has become a niche for specialised organisations like ours - a team with many seasoned lawyers and accountants, operating exclusively as full time tax debt negotiators. -------------------------------- If you or your business is struggling under the burden of tax debt, drop us a line at: [email protected] ph. 1300 952 295 https://www.taxassure.com.au -------------------------------- #ATO #taxcompliance #ATOPaymentPlan Disclaimer: The information provided in this video is for general informational purposes only and does not constitute professional advice. While we make every effort to ensure the accuracy and relevance of the content, it should not be relied upon as a substitute for consultation with qualified professionals, including legal, financial, or tax advisors. Each business situation is unique, and we recommend seeking tailored advice that considers your specific circumstances before making any decisions regarding tax debts, insolvency, or related matters. Tax Assure and its authors disclaim any liability for actions taken or not taken based on the content of this video. Chapter: 00:00 - Introduction 00:34 - Changes to ATO General Interest Charge write-offs 02:58 - It's not smart to try to use the ATO as a cheap source of funding 06:45 - Small Business Restructures - the ATO is getting tougher on SBR approvals 09:35 - DPNs have a personal liability component that can affect SBRs 12:35 - What are the repercussions for each ATO debt solution? 14:48 - Payment plans are becoming more challenging to get approved by the ATO 16:56 - Accounts are increasingly reffering ATO matters to Tax Assure 18:30 - a cafe chain had an $800k ATO debt and their payment plan was crushing them 20:00 - A good payment plan is a sustainable, affordable payment plan 21:30 - A landscape gardener in Tasmania had highly seasonal income - Tax Assure tailored a plan to match his income patterns