How business owners with ATO debt can get a real break over the holidays | Olga Koskie &Michael Moon

Описание: Tax Assure' principals Michael Moon & Olga Koskie got together to talk about the state of ATO debt across Australia at the end of 2025.
Olga & Michael discussed how many business owners tend to get a little slack with ATO payments over the summer break. Cashflow tightens, invoices tend to get paid a little late - but if you are in arrears with the ATO and default on your payment plan, this can only make your situation that much more uncomfortable. Penalties accrue, interest accumulates and many come back to work in the new year facing a much bleaker outlook.

Defaulting on your BAS can also invalidate a payment plan, and this can result in a chain of recovery actions being implemented by the ATO.
If you engage a tax debt negotiation a professional and engage with the ATO now, you'll likely come out in a much healthier financial (and mental) position.

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If you or your business is struggling with tax debt, drop us a line at:
[email protected]
ph. 1300 952 295
https://www.taxassure.com.au
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#ATO #taxdebt #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.

00:00 - introduction to ATO debt at the end of 2025
01:04 - A hairdressing salon with ATO warnings proceeded without a payment plan and the ATO imposed recovery actions
02:20 - A mortgage broker with good cashflow ignored her ATO debt until they took action against her
03:40 - An increasing number of individuals are being sued by the ATO for company debt
05:00 - A construction company that wa being starved out by competitors were issued DPNs by the ATO
06:55 - Is there a specified timeline that determines ATO recovery actions?
08:34 - Voluntary payments and conversations with the ATO is not compliance: only valid payment plans constitute compliance
10:28 - The easy applications of the covid period are over. The ATO has clamped down on compliance
11:20 - The ATO is escalating from warning letter to statutory demand at a much more rapid rate
12:51 - ATO policy is not legal legislation. The ATO changes policy as they see fit
15:40 - Non lodgement of your BAS will default your ATO payment plan
19:27 - Accountant referrals have increased markedly as ATO negotiation has become more complex
21:00 - if a business owner starts drip feeding ATO payments the plan will default