We Can Help With Your Tax Debt
The ATO continues to become increasingly aggressive in it’s debt collection activities, as an example, in the 8 months to 31st March they disclosed over 31000 business tax debts to Credit Reporting agencies.
This disclosure can have a devastating effect on a business:
- it can make accessing finance more difficult
- major Banks will sometimes even increase their own rates to businesses with tax debt (to them tax debt is a sign of default risk)
- it can damage supplier relationships and the trade terms you may be offered
Accountplan has access to a range of lenders who happily assist businesses refinance their tax debt onto manageable loans that will generally have longer terms and much lower rates than is available from the ATO themselves. In fact, rates start from as low as 6.99%.
Want to know more?
Call the team at Accountplan on (07) 3883 8999.
