The ATO has been working with the building and construction industry to provide support and assistance to those with outstanding debts. In the last month, the ATO started contacting tax agents regarding their clients in the building and construction industry who continue to have outstanding tax debts.
The ATO can offer a range of payment options to help get back on track sooner and reduce any interest liability.
If your business has an outstanding obligation, you can manage your business’ debt by asking Burns Sieber to assist you to request a payment arrangement.
As the Government has increased the 32.5% tax band from $37,001 to $80,000 to $37,001 …