😴 Sadly, many Australians lose sleep due to tax debt burdens.
👩💻 ATO has "collectable debt" of around $50 billion. This is this what they expect to reasonably recover through active collection.
And they're going hard.
The amount owing skyrocketed in recent years primarily due to the ATO's lenient approach during COVID.
❌ Interest paid to the ATO are no longer deductible, and there are decreasing incentives for individuals and businesses to carry tax debt, such as payment plans being short and harsh director penalties.
♻💵 We've refinanced many tax debts into loans, that can support the liquidity and cash flow of a business - importantly helping people sleep better at night.
Let's chat about your options in conjunction with your accountant, don't hesitate to take action!
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
