Calculating numbers for income tax return with pen and calculator
Tax Debt Reporting Changes
Under new reporting laws that were passed in late 2019, the ATO now has the ability to disclose tax debt information of businesses to registered credit reporting bureaus (CRBs). Businesses that have their tax debt reported may run into significant difficulties in obtaining financing from lenders and credit from key suppliers if tax debts become visible. Read more to find out if this change may affect your business.
