Managing Cash-flow when Tax Debt Looms – A Directors Guide

For business owners and directors, tax debt is often a silent threat—not urgent enough to disrupt daily operations but significant enough to spiral out of control if ignored. When managing cash flow alongside tax liabilities, the key is proactivity rather than reactive scrambling when the ATO comes knocking. The Balancing Act: Cash Flow vs. Tax […]

Decoding ATO Letters: What the Color Bands Mean for Your Business

If you’ve ever received a letter from the Australian Taxation Office (ATO) with a colored band across the top, you might have wondered what it signifies. These color-coded notices are part of the ATO’s compliance efforts, designed to communicate urgency and seriousness regarding your tax situation. Understanding these colors can help businesses respond appropriately and […]

Preparing Your Business for Tax Debt Changes in 2025

The Australian government has announced a significant change to tax debt regulations, set to take effect from July 1, 2025. Starting on this date, the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) will no longer be deductible, marking a major shift in how businesses manage tax liabilities. Why Is This Change Happening? With […]