When business debt gets personal
EPAS Marketing • January 16, 2016
James has a large domestic company with clients around the country. He was referred to us because he was expecting a tax bill in excess of $450,000, which, because of the way his affairs were structured, would become his personal tax debt.
Fortunately, we were able to see avenues that hadn’t been utilised to avoid what he thought was inevitable. When we finished our work for him, James was surprised to receive a tax refund and was very happy indeed!
* This is a real case study, we’ve just changed the client's name to protect their privacy.
If you get a notice from the ATO for a debt for a business that you closed years ago, you need tax debt help right away. Contact the team at EPAS immediately.
The ATO is open to negotiation to reduce or even eliminate your debts. However, you need accountants who understand the complexities of negotiation. EPAS can help.
