$50,000 Tax Debt
Find out how we helped Chris
ATO Repayment Plan
Chris felt regretful of his situation and blamed himself, but realised he needed help to get out of it. He didn’t want to let his employees fall short or lose the business. He sought out our help as tax debt experts, and we reassured him that the situation could be rectified.
We worked out he had a tax debt of approximately $50,000. We then spoke with the ATO, explaining the situation and proposed a repayment plan, which included selling some non-essential assets.
Chris Finds Stability
Repayment Plan Was Agreed
The ATO accepted a monthly repayment plan, plus an initial upfront payment.
The Stress Dissolved
Chris didn’t have to worry about dealing with the ATO or action being taken.
Lessons Were Learned
Thanks to our advice, and working in conjunction with his accountant, Chris made changes to ensure he could meet future liabilities and avoid this scenario in future.