What business tax debt loan options are available, and how does borrowing work?
April 23, 2020How Can You Be Released from Your ATO Tax Debt?
April 23, 2020If you can’t pay your tax debt, there are several options:
- Tax Debt Hardship Application: Apply directly with the ATO for a payment plan. However, you may also negotiate reductions in your ATO tax debt or general interest charges.
- Obtaining Finance: Consider refinancing your home loan to consolidate your tax debt.
- Unsecured Lending: Explore options for unsecured business loans.
- Second Mortgages and Caveat Loans: These can also be options for financing your tax bill.