Tax Debt Help – Scenario

A business had failed to lodge a BAS for two years. As a consequence the ATO had issued the company with a Statutory Demand for Payment. The company does not have the funds to pay. Furthermore, if action by the ATO against the company becomes public knowledge, the business is likely to lose many of its key customers and will probably not survive.

A positive way forward

Corporate Guardian sources funds to pay the tax bill. Based on this, the ATO is contacted and an agreement is negotiated that enables the company to meet its obligations and to avoid any public action by the ATO.

Please note: These scenarios are intended to illustrate the type of problems that our clients experience and the possible remedy. They are not intended to portray real companies or real case studies.

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