New legislative powers will be given to the Australian Taxation Office (ATO) which will allow them to report large outstanding tax debts to credit reporting bureaus. This reporting may affect a business’s credit rating for current and future finance.
Any tax debt for your business over $100,000 and 90 days overdue, may appear on your credit rating.
In order to avoid any future issues with your credit rating, we encourage you to organise the payment of your outstanding tax debts with the ATO. Alternatively, you can undertake a payment arrangement with the ATO to avoid any negative blemishes on the rating.
If you would like more information, please contact me on +61 2 9699 9171 or email email@example.com