Death and taxes … you know what the deal is. You can’t avoid either of them.

The Federal Government plans to allow the ATO to disclose business tax debts to credit reporting bureaus.

This could spell the end of businesses using the Tax Office as an unofficial bank, an accounting body has said.

The disclosure of debt information applies when a company has total tax debts of at least $100,000 which has been payable for more than 90 days. 

Collectable debt owed by individuals, businesses and super funds — has now reached a record $26.6 billion, noting the jump from almost $24 billion as it was reported in 2017-18.  +

Over the years Start Fresh Finance has assisted many small businesses with tax debt relief. We have the ability to refinance the debt or if the debt is under arrangement simply leave the tax debt in place while providing finance.

Call to discuss your situation now 0468371449 or jan@startfreshfinance.com.au

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