Under normal circumstances, business debt is part of running a commercial enterprise, large or small, but if your business debt gets out of hand, you should take action sooner rather than later. If your business is struggling, free business debt advice is available at Tax Negotiators in the form of a free consultation with one of our financial accounting specialists.
Now that a sense of normality seems to have returned around Covid and the natural disasters of the past years, businesses are expected to repay their business tax debts to the Australian Taxation Office (ATO). In other words, the ATO is again collecting their debts, and businesses are urged to respond. However, if you are in debt to the ATO, don’t panic. Act now.