The ATO debt book has now hit $61 billion as concessions provided during the height of the COVID-19 pandemic are removed. The Commissioner’s recovery powers are extensive, and many businesses are facing the prospect of aggressive recovery action. This presentation covers practical strategies for dealing with the ATO and highlight what options may be available to assist businesses in managing their ATO debt including:
- Approaches to engaging
- Managing debt during a dispute
- Director penalty notices
- Departure prohibition orders and
- Small business restructuring options