ATO to report companies to credit reporting agencies

ATO to report companies to credit reporting agencies

25 Nov 2021

In 2019, the Federal Parliament passed the Treasury Laws Amendment Act 2019 that allows the ATO to, among other things, disclose a business’ tax debt to credit agencies. It is meant to compel businesses to deal with their tax debt. The ATO has until recently, not used these powers, but this is beginning to change.

Read More
Tax debts increase due to Covid-19

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.

Read More
How_To_Solve_Your_Company's_Debt_Problems

How to Solve Your Company’s Debt Problems

30 Mar 2021

Numerous businesses have unmanageable debt and will have to make difficult decisions.

We at Cactus Consulting can advise you on the available options if your business is in financial difficulty and is finding it hard to keep up with costs and expenses.

Read More
Pre-insolvency_Advisers_Sentenced_To_Jail

Pre-insolvency Advisers Sentenced To Jail

01 Mar 2021

If you require any pre-insolvency advice, our team of accountants is ideally placed to provide professional advice on alternatives to bankruptcy or liquidation. It is always important to seek advice from qualified professionals.

Read More