ATO Collecting Outstanding Debt
The Australian Taxation Office (ATO) has warned businesses that if they fall behind on their tax and superannuation obligations, their debts may be disclosed to credit reporting agencies.
The ATO said that since returning to “business-as-usual debt collection”, it had issued ‘Notices of intent to disclose business tax debts’ to more than 22,000 businesses.
“More than 9,000 businesses are expected to have their debts disclosed this month,” according to the ATO.
If your business is in that difficult position, Direct Credit Home Loans may be able to help.
How can Direct Credit Help?
The majority of our clients are small business owners, which is why we created our ‘ATO Tax Debt Refinance’ product. This allows you to pay off your tax debts by:
* Consolidating your tax debt into your new loan
And the good news is, we’re very flexible with our valued small business customers – applications are assessed by real people, not credit-scoring algorithms.