ATO warning for the building and construction industry
The ATO has reported that the building and construction industry represents a disproportionate amount of its debt book, and has identified worrying trends that affect the industry.
Clients in the industry are encouraged to contact their tax agents regarding outstanding debts, as the ATO may be able to offer a range of payment options to help them get back on track sooner and reduce any interest they may be liable for.
Clients that fail to pay, or make arrangements to pay, may have their outstanding tax debts recovered through a garnishee notice.
-O-
**Disclaimer: The information is sourced through NTAA**
For tax help, please call Hart Partners today:
Phone (03)9600 3220 Mobile: 0413 222 922 Fax (03) 9376 3507
or email us paula@www.hartpartners.com.au.
| Please Note:
Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. |