Over the years we’ve had a lot of wins for clients with outstanding tax debts, by having ATO interest and penalties waived. In many cases, the amounts have been significant.
A great example is a recent case where we had $85,000 waived for a client. They were obviously very happy.
This was a great result considering a large part related to a 2013 tax debt and the client was not a model citizen when it came to their lodgement history.
Now the ATO won’t just give this sort of money away, but if you follow our 5 steps below you’ll greatly improve your chances.
In our experience, the ATO is most concerned with collecting the primary tax debt. If you get a reasonable officer at the other end they will generally remit the penalties on that basis.
So good luck with making your requests!
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.