While the Tax Office, the Morrison government, and even the banks are more willing to support restructuring solutions than they have been in the past, the ATO is expected to start cracking down on payment plans and compliance, says one insolvency expert.
In the wake of JobKeeper, and the expiry of other government support programs, the ATO is expected to ramp up enforcement in line with the governments move to revert to a business as usual approach, said Kathy Sozou, restructuring partner at McGrathNicol.
My sense would be that, as JobKeeper tapers off, and we start to revert to whatever this new normal looks like, the ATO would also start to revert back to their normal practice, Ms Sozou said.
Im not necessarily saying that theyll be …
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