Ins and Outs of Negotiating Payment Plans with the ATO
Overview
Business client groups are increasingly subject to debt collection action, so arranging a payment plan can be crucial – How can you best support your clients?
The ATO continues to be funded by Government to increase collection activity for small business and private group debts, which has resulted in increased recognition of, and firmer attempts to collect, those debts.
This has highlighted the importance of tax advisors effectively engaging with the ATO to arrange Payment Plans with the Commissioner, in line with the law, policy and decided cases.
The session will look at:
- Context for current ‘harder-edged’ debt collection programs targeting small business and private groups
- Role of Payment Plans in ‘encouraging’ taxpayers to pay their tax-related and superannuation liabilities
- Structure of statutory power for Commissioner to accept payment by instalments
- ATO Practice Statement on debt
- Relevant case law as practical examples of how this power is applied in real-life
- Suggested approaches to optimise the prospects of success in negotiating Payment Plans through better engagement with the ATO (and providing better/more persuasive supporting evidence).
Learning Outcomes:
Participants will gain an improved understanding of:
- the ATO’s current small business and private wealth debt collection strategies
- ATO statutory power to accept payments by instalment
- ATO administrative approaches to applying that power in negotiating Payment Plans
- Case law about how the courts see this power working in practice
- Some strategies to optimise the prospects of success in negotiating Payment Plans
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Ins and Outs of Negotiating Payment Plans with the ATOVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Bruce CollinsTax Controversy Partners
is the founder and principal solicitor at Tax Controversy Partners Pty Limited, currently helping clients to resolve all types of tax issues with the ATO and SROs. Before moving into private practice in 2017, Bruce worked for over 35 years in the Tax Office, a third of this time as a Senior Executive in what is now Compliance & Engagement Group, covering most ATO functions. Bruce was the leader of the Technical & Case Leadership area in Aggressive Tax Planning and then Private Wealth for several years prior to leaving the ATO, as well as having previously been the strategic and technical leader for many of the ATO’s private group and adviser-focused compliance programs. In those roles, Bruce was also involved in dealing with many of the most complex settlement and debt collection negotiation cases for private group and scheme participant cases.
Bruce has an Accounting Certificate (1989), a First-Class Honours Degree in Law (1995), a Graduate Diploma in Legal Practice (1996), a Masters of Taxation (2003) and a Masters of International Taxation (2006). Bruce is a Chartered Tax Advisor with the Tax Institute, a member of the Law Society of NSW, a member of the AICD and is both a member of the Law Council of Australia, their Tax Committee and is the current Chair of the Law Council SME Business Law Committee.