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.
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Caulfield VIC 3162
PO Box 308
Caulfield South VIC 3162
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