Tax Debt Representation

The ATO will add interest to your current debt every month, and this can become excessive to the point where it’s impossible to pay. Getting tax debt representation in Australia is the best way to mitigate further accumulative interest on your tax debt. Macmillan Lawyers and Advisors are experienced in representing tax debt cases, helping you avoid bankruptcy and pay off debt comfortably.

Are You Behind in Your Taxes?

Companies and individuals in Australia who get behind in their taxes can quickly find the ATO on their back. After months of back taxes, interest begins to accrue, leading to an inflated amount of debt. That debt can become financially debilitating, leaving you with no other option but to negotiate a tax debt payment plan with the ATO.

Contacting a tax lawyer or good commercial lawyer will help you negotiate the best deal with ATO and can save you thousands of dollars in the long run. Our lawyers at Macmillan Lawyers and Advisors are experienced in dealing with the ATO, and will help you find a comfortable payment plan that has a minimal effect on your lifestyle.

What is Tax Debt Representation?

Tax debt representation is a professional service offered by experienced tax lawyers. These solicitors deal directly with the Australian Taxation Office (ATO) on your behalf. This often results in a payment plan being negotiated and can also include a reduction in penalties for back taxes.

When choosing the best tax lawyers in Brisbane, find a firm that seeks to build a genuine relationship with you. A team of lawyers who understand your situation can better represent you and find a solution that suits you and the ATO. The purpose is to find a manageable solution that benefits your finances and halts any further decline into debt.

How do Debt Lawyers Help You with Tax Debt?

Debt lawyers in Australia are often referred to as ATO lawyers. They help you with tax debt by negotiating with the ATO on your behalf. They may challenge tax assessments, protect your assets, and represent you in audits.

A tax debt lawyer will also give you the most sound advice on how to manage your back taxes and develop a comfortable payment schedule. Here’s a quick breakdown of how they can assist you with tax debt.

Advising You on Debt Resolution Options

The team at Macmillan Lawyers and Advisors can help you evaluate your current tax debt situation and move towards better financial stability. We do this by assessing insolvency arrangements directly with the ATO, which may be an option to quickly pay off or reduce your debt. This will immediately stop your interest from accruing at an alarming rate and put you on the path to debt relief.

Another option we can explore on your behalf is hardship relief. The ATO could be willing to write off some of your tax debt if they deem your financial situation as “hardship”. This could mean a reduction in the amount you have to pay, or even having the debt completely written off. Speak to us today to see what your options are.

Is it Worth Paying a Lawyer to Avoid Tax Debt?

Yes, it’s worth paying a lawyer to avoid further severity to your tax debt. Interest can accrue at a rapid rate if payments aren’t made for several months, and the situation will only get worse if left unchecked. If your tax debt has got to an unmanageable stage, contacting a tax lawyer will almost certainly save you money long term.

Can Tax Debt Be Negotiated with the ATO?

Yes, many kinds of negotiations can be carried out with the ATO on your behalf. Using an experienced tax debt lawyer in Brisbane, like Macmillan Lawyers and Advisors, is the best way to reach an arrangement with the ATO that’s best for your current financial situation.