The ATO said it is committed to improving its communications to taxpayers about debt using the guidelines provided by the Ombudsman and Inspector-General.
The Australian Taxation Office has revealed the five types of business debts at the top of its watch list, as the extraordinary leniency the tax office showed to late payers through COVID-19 lockdowns finally comes to an end.
Small business and microbusiness owners are fronting up to the University of New South Wales tax assistance clinic with an average tax debt of $80,000.
Accounting groups are urging small businesses to lodge overdue tax returns, after the tax office revealed it has started chasing debts in NSW, Victoria and the ACT.
