iscover
Enforcement action without warning is an unmistakeable sign that the ATO has adopted a tougher line on debt recovery, says a tax debt specialist.
Newsletter
ATO strikes without warning in harder line on debt
08 September 2023•8 minute read
“We’re absolutely seeing an increase in enforcement action, an increased focus on individuals – so directors and not just the company – and an increase in enforcement action without any warning,” said Olga Koskie, a director and principal at tax debt negotiation specialist Tax Assure.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Speaking on the latest Accountants Daily podcast, Ms Koskie said two factors underlined a change of mood at the ATO.
“One is a focus on compliance – on lodgements on time, on payments on time, and the history of the compliance of a company or an individual or a business is affecting whether or not they’re getting payment plans,” she said.
“And the second is ongoing viability. So if they don’t believe a company has the ongoing viability or is able to demonstrate the ongoing viability, there may not be as many second chances.”
You need to be a member to post comments. Become a member for free today!
