Enforcement action without warning is an unmistakeable sign that the ATO has adopted a tougher line on debt recovery, says a tax debt specialist.
ATO strikes without warning in harder line on debt
“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.
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.”
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