ATO Debts | Cactus Consulting

Case Study: ATO takes $120,000 under a Garnishee Notice

25 Jun 2021

Issuing garnishee notices is one of the methods the ATO utilises to recover tax debts.
It is important to speak to a professional before a garnishee notice is issued by the ATO.

Tax debts increase due to Covid-19

26 Apr 2021

The ATO has taken virtually no recovery action to collect tax debts since the start of the Covid-19 pandemic. This has led to many businesses simply racking up more debt.

avoid liquidation with ATO payment arrangement

Success Story: How a Growing Business Avoided Liquidation with an ATO Payment Arrangement

08 Oct 2020

Our success story tells of a client we helped negotiate an ATO Payment Arrangement for, in order for them to avoid liquidation.

Coronavirus Business Problems; 9 Tips to Help Save Your Business

31 Mar 2020

Coronavirus has already had a devastating impact on businesses and it appears that the financial impact will be felt for years to come. If your business is in trouble it can be difficult to know where to turn or what to do. So, we have put together this list of tips for you to follow… Read more »

The cost of illegal phoenix activity

24 Jan 2020

The direct cost of illegal phoenix activity was estimated to cost between $2.85 billion to $5.13 billion for the period from 1 July 2015 to 30 June 2016.

Plutus Payroll Case Study; Significant tax fraud

26 Nov 2019

Plutus Payroll Australia managed to misappropriate approximately $167 million in PAYG tax owed to the ATO. With these funds they lived a lavish lifestyle, buying expensive houses, fast cars and travelling to exotic places. Single Touch Payroll reduces the chances of this type of fraud happening.

Garnishee Notices; How the ATO will garnishee your wages

07 Nov 2019

Have you got a personal tax debt you are struggling to pay? This might include a debt for income tax or a debt under a Director Penalty Notice.

If you do, you need to be aware that the ATO can issue a Garnishee Notice to your employer to recover the debt.

Director Penalty Notices – Don’t Get Caught Out

08 Oct 2018

Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.

ATO Garnishee Notices – What you need to know

07 Apr 2018

The ability to issue a Garnishee Notice to a tax payer’s bank or employer is just one of the many powers available to the ATO to try and recover debts owed. A Garnishee Notice will ordinarily be issued to a tax payer’s bank for the payment of all (or a set percentage) of funds held… Read more »

Category: ATO Debts