ATO Payment Plans
ATO Debt Payment Arrangement
Putting an ATO Payment Plan in place
When it comes to tax debt, leave it to our experts to get you the best deal on an ATO payment plan.
Manage your business’ tax debt the right way and secure the future of your business today with a well structured ATO payment plan.
- Stress-Free Payment Planning
- ATO approved payment structures
- Trusted tax negotiation & settlement
What is an ATO tax payment plan?
If you’re struggling to pay your tax bills, you’re not alone. Many businesses experience financial difficulty throughout the lifecycle of their business. Sometimes this is unavoidable and it prevents businesses from paying their ATO liabilities when they’re due – causing them to be in debt.
If you’re a business with tax debt in arrears, you need expert tax debt solutions to help you get back on track.
One of the best solutions is to arrange an ATO payment plan. A payment plan with the ATO works similar to most other payment plans. Together with the ATO, you agree on an amount and frequency at which you can repay your tax debt to the ATO. This is the most common solution for small and medium-sized businesses with unpaid tax bills.
Speaking to an expert for ATO payment options.
Setting up an ATO payment plan isn’t as straight forward and easy as most other payment plans. In fact, many business owners struggle to come to an agreement with the ATO when they handle the payment structure themselves.
Contrary to what you might believe though, the ATO isn’t heartless, they simply require structured plans that work for them, too. As finance specialists, we’re able to handle the ATO negotiation and determine a plan that will be accepted by the ATO whilst still working in your favour.
We can help you:
- Consolidate your tax debt
- Negotiate Payment Options with the ATO
- Determine an effective and mutually beneficial payment plan
- Next Step business and finance support
- Review your Tax calculation to determine whether your tax debt is accurate.
How Lawrence Corporate Solutions can help
At Lawrence Corporate Solutions, we take the time to understand the ins and out of your business finances. We assess the current financial circumstance of your business and assess your financial history.
We take care and careful consideration to help your business sort out its financial struggles in order to get your business back on track and thriving as quickly as possible. Because at Lawrence, we understand that time is money, and time spent worrying is time that could have been spent growing your business.
Our specialist tax solutions are designed to help you find a solution for your tax debt quickly with reduced stress and anxiety.
Call Lawrence Corporate Solutions today to explore how our services can help you.
what our clients say
Successful Stories From Our Clients
Our team’s unique experience and extensive skill has assisted countless Perth business owners to move past financial strive and work towards a bright and successful future. Here are some of our success stories:
Miranda was struggling to meet her 12-month payment arrangements with the ATO and, as 12-month arrangements are the most that the ATO will grant, Miranda felt that her financial position was a lost cause. After speaking with Lawrence Corporate Solutions, however, Miranda’s confidence was restored. Lawrence Corporate Solutions successfully negotiated a 24-month extended payment arrangement with the ATO, giving Miranda the breathing room that she needed to get back to running her business.
Sharon found herself being chased by the ATO for a mounting tax debt, and as her spouse had recently been unable work, it couldn’t have come at a worse time. With constant calls and letters, Sharon welcomed Empire Corporate Services stepping in and liaising with the ATO on her behalf. In the end, Sharon prevailed with a $79,904.62 remittance before the final balance was paid out.
After an accident that rendered David unable to work, he was forced to use his tax savings to live on. Very worried and not sure where to turn, Empire Corporate Services worked closely on David’s case and secured him an interest remittance of nearly $7,000 to cope with his financial stress.
With a mountain of ATO penalties (including the dreaded General Interest Charges (GIC), Failure to Lodge (FTL) penalties and business stresses mounting, Shane was in a dire financial position. On Shane’s behalf, Empire Corporate Services was able to remit over $34,000 after just one phone call. Shane’s headaches cleared and it was back to furthering his business!
When Sam’s major debtor went into $2m liquidation, Sam’s business hit a pivotal crossroads. Based on the guidance of his previous advisors, Sam felt his only option was to go bankrupt. With the help of Empire Corporate Services, Sam got his business valued and sold, paid back the bank debt owing and additional funding in place for all other unsecured creditors… all within a fast turnaround of just 6 weeks.
Mitchell came in for a general financial review to set his business on the right path to grow. Upon reviewing Mitchell’s financial structure, Empire Corporate Services discovered that Mitchell had ATO debts totaling more than $550,000… and Mitchell was totally unaware of what he owed. After extensive work in tracking back over Mitchell’s previous returns and BAS’s (as well as righting the submission errors that Mitchell had made), Empire Corporate Services successfully helped Mitchell receive remission of interests of his debts, totaling $320,000.
For a long time Kate didn’t realise… but the ATO had placed $10,000 in interest and fees on top of her tax bill after a she had previously filed a claim incorrectly. Understandably, Kate was frightened about what might happen to her. Lawrence Corporate Solutions stepped in on her behalf and successfully negotiated for a substantial reduction in the outstanding ATO balance. Kate went from owing $10,000 to receiving a $2,000 refund.