We are experts at dealing with taxation debts owing to the Australian Taxation Office (ATO). We are generally able to arrange payment plans in even the most dire financial circumstances.
The principal of RI Consulting, Rehka Indrasamy, is an experienced tax lawyer who is also a former tax auditor and tax lawyer of the ATO. She is very familiar with the ATO’s processes and policies and can help you achieve the best possible outcome for your case.
If you have a significant tax debt with the ATO, and are unable to pay it in full by the required deadline, you should contact us immediately to seek legal advice.
It is important to note that:
- – Your tax debt will not go away by itself.
- – Your tax debt will continue to grow as the ATO charges a very high rate of interest on tax debts.
- – Your tax debt may ultimately result in your bankruptcy or insolvency.
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It is important that you seek legal advice and take urgent action to deal with your tax debts. If you fail to do so, the ATO may start debt recovery proceedings against you, which can initially include issuing garnishee notices to your bank or employer to require them to pay the ATO the money that they hold on your behalf or may hold for you in the future. The ATO is increasing its use of tax garnishee notices. Where the ATO has issued a garnishee notice we can assist by ensuring the notice has been validly issued, and, if so, negotiating the best possible outcome with the ATO.
If the tax debt remains unpaid, the ATO can take further legal action and commence court proceedings to recover outstanding tax debt from you. The action that the ATO can take may include:
- – Claim or summons
- – Bankruptcy notice
- – Creditor’s petition
- – Statutory demand
- – Wind-up action
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Therefore, it is important that you get legal advice urgently and address your tax debts.