Posts tagged "small business tax debt"

The ATO has unexpectedly revitalised thousands of dormant tax debts, some of which are for as little as 31 cents.

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.

Outgoing ATO commissioner Chris Jordan says he is "unapologetic" about the tax office's shift to take stronger action to recover debt from small businesses.

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.

The peak body representing self-employed Australians says proposed legislation to allow the Australian Taxation Office to report small busin…