What Small and Medium Businesses can expect from the ATO in 2024.

As a seasoned business debt solutions adviser to small and medium businesses all over Australia, I have seen many ups and downs in our economy over the years. After a lull during the pandemic, it is clear that corporate and personal insolvencies are on the rise once again.
Today, I’d like to share my insights on what 2024 might hold for small and medium businesses (SMBs) in Australia, particularly in relation to the Australian Taxation Office ATO).
What To Do If You’ve Received A Director Penalty Notice (DPN) from the ATO: A Guide for Small and Medium Australian Business Owners.

In an unfortunate turn of events, small Australian businesses are struggling after corporate collapses caused a sudden economic change. The increase in insolvencies is causing concerns in communities, as shop owners face financial uncertainty.
ATO Tax Payment Plan: Aussies Face $313 Fine for Late Tax

ATO Tax Payment Plan | Australians are fined $313 for missing tax return deadline. Here’s what it means for businesses.
ATO Payment Plan: Avoid Harsh Penalties for Unpaid Taxes

ATO Payment Plan | ATO warns businesses that unpaid tax and super will lead to legal action. Learn about other consequences here.
Named and Shamed: What Does Owing to the ATO Mean?

What does owing to the ATO mean? Over 22,000 Australian businesses risk being publicly named and shamed by the ATO for unpaid debts. Read more about it here.