Tax Debt Problems – An Overview

WORRIED ABOUT A COMPANY TAX DEBT? WELCOME TO DISSOLVE, SPECIALISTS IN LOW COST COMPANY LIQUIDATIONS There are several actions the ATO can take against a company struggling to pay their tax debt. Garnishee Notice Director Penalty Notice Departure Prohibition Order If...

ATO Payment Arrangements

What are they? Should you agree to one? It is very common for a company that is facing insolvency to become slow in paying its tax liabilities. Typically, the tax man is one of the first creditors that a company that is financially distressed ceases to pay. The ATO...

ATO Departure Prohibition Order

What does it mean? What should you do? The ATO has the power to stop a debtor from leaving the country (regardless of whether they intend to return or not) until such time as a debt is paid in full or suitable arrangements for payment of the debt are made. This order...

ATO Garnishee Order

What does it mean? What should you do? A Garnishee Notice entitles the Australian Tax Office (“ATO”) to collect an outstanding tax debt by directly removing monies from an insolvent company’s bank account or directly collecting monies from a company’s debtors. The...

ATO Notices and Timeline of Enforcement

What can you expect and when? Unpaid tax debt is the most common reason for a company to enter liquidation. Most directors are aware that the ATO has a range of strong enforcement actions it can use in pursuing debts from companies: Director Penalty Notices; Garnishee...