PAYMENT PLAN ATO
Start Settling Your Australian Taxation Office Debt Today
If your business is struggling to pay tax debts there’s a fast and effective solution. With an ATO payment plan, you can strike an agreement with the Australian Taxation Office for affordable monthly repayments. Take the stress out of your financial struggles today. Speak to us in a confidential consultation—we can find a solution to your struggles.
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End the Stress: Clear Your ATO Debt With Corporate Lifeline
Dealing with debt from the Australian Tax Office (ATO) is stressful. That’s why we’re here to help your business. Our team of expert advisors is on hand with judgment-free consultations to help you find a solution.
You may be able to pay taxes in payments. These can be affordable regular payments that remove the stress debt creates, leaving you with a clear trajectory for your future plans.
We can negotiate with the ATO on your behalf. If you provide us with the authority, we’ll help get you the right deal for your circumstances. Put your trust in Corporate Lifeline and we’ll present a strong case for an affordable repayment plan. Call us today and we’ll explore your situation and recommend a solution.
How ATO Payment Plans Can Cover Your Debt
It’s possible to strike an agreement with the Australian Tax Office to pay off your tax debts over a set time. The instalments can be affordable and offer you peace of mind.
The ATO will agree on terms to match your business’ debt. A monthly pay plan will depend on the amount of tax you owe and the installments you can afford.
A plan can last for around two years. You can then resume trading confident in the knowledge you’ve cleared your debt.
Why Choose Corporate Lifeline to Setup Your
Tax Debt Payment Plan?
We’ve already helped 100s of businesses set up an Australian taxation office payment play. Now it’s our turn to help you.
Our policy is to offer empathy and understanding. You’ll receive a judgment-free consultation to provide you with the right solution.
Discuss your debt with an expert team of insolvency specialists and accountants. We’ve got the know-how to walk you through even the most stressful situations.
We’re supported by Hall Chadwick—an industry-leading accounting firm in Australia.
Nationwide support for SMEs wherever you’re located.
We know how to get your business back on track.
What Happens if You Don’t Repay Your ATO Tax Debt
You may also face a director penalty notice (DPN) or a wind-up application. The latter provides local courts with the power to appoint a liquidator, which escalates the seriousness of the matter and requires liquidation services to resolve.
Avoid these outcomes immediately by getting in touch. We understand every business situation is unique. This is why our independent advisors are on hand to support your specific situation. We can help secure an ATO payment plan to clear your debt.
Our Advisory Process Tax Payment Plan
in Four Simple Steps
Judgment-Free Consultation
Talk to us in person or over the phone to discuss your taxation debt. We offer empathy and understanding, and we’ll find the root cause of your problem.
Payment Plan Recommendation
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Contacting the ATO
Establishing Your ATO Payment Plan
REAL PEOPLE, REAL REVIEWS
Speak to an Expert About a Payment Plan to Pay Taxes
If you need assistance repaying your ATO debt you can speak to us for support. We’re here to help you.
YOUR QUESTIONS ANSWERED
These are some of the most common questions we receive about business liquidations. If you have more questions, please contact us, and we will gladly help you.
What Sort of Terms Are in an ATO Payment Plan?
The terms differ from one case to the next. However, the Australian Taxation Office will consider your:
- History of tax payments
- What tax is involved
- How much you owe
A long history of trading without unpaid tax debts will reflect favourably on your case and may result in better terms. However, getting a payment plan is a very positive step to take and will ensure you can repay your debt.
How Long Does an ATO Plan Last For?
Usually less than two years (24 months). This does depend on the ATO and how it views your case, meaning the length of repayments could be longer or shorter.
Does the ATO Charge Interest on Payment Plans?
Yes, the Australian Tax Office has a general interest charge (GIC). You can limit the cost of this by completing your plan rapidly. The faster you can repay your debt the lower the GIC will be.
How Do I Arrange an ATO Payment Plan?
You can contact the Australian Taxation Office by yourself. However, referring to an independent advisor to act on your behalf is more likely to result in a successful outcome. You can use the legal experience of the Corporate Lifeline team to represent your business and put forward the strongest case possible.
Once the ATO accepts the case, terms for paying the ATO will be agreed upon. After this, your monthly payment installments will begin.
Can Your Debt Payment Plan be Interest-Free?
For an interest-free plan, you would need to negotiate terms with the Australian Tax Office. It’s possible to arrange but specific terms would be set. For example, you’d need to pay off certain debts faster. The activity statement debt would need clearing within a year.
Additionally, you can support an interest-free case if you:
- Successfully cleared a taxation payment plan in the past.
- Can’t access loans to clear your debts.
- Can showcase your ability to meet future tax commitments.