Mounting ATO tax debt is a growing concern for many businesses, with some owing hundreds of thousands of dollars. Katie Crismale-Marshall understands the three biggest frustrations: constantly chasing your tail, never getting on top of things, and not knowing where you stand financially. She emphasises the importance of having a clear plan to pay off the debt within a specified timeframe while keeping up with current obligations.
In this episode, Katie highlights that poor advice from bookkeepers or accountants (not all of them, many are amazing) is often the root cause of the problem, leaving business owners in a precarious financial position. She then talks about three crucial steps to help get you out of this dilemma.
In this episode of the Profit First for Tradies, you’ll learn the following:

• Why increasing ATO tax debt is such a crucial topic (00:08)
• The three biggest frustrations businesses face with tax debt (00:42)
• Poor advice from financial advisors is often the reason why you’re in this conundrum (01:53)
• Step 1: Take stock and assess (02:37)
• Step 2: Reach out for help (04:53)
• Step 3: Implement Profit First and negotiate a payment plan (06:51)
• How to avoid working tirelessly for naught  (09:49)
• Benefits you will enjoy when you reach out to Katie (11:12)

Whether you're already implementing Profit First or haven't started yet, Katie encourages reaching out for a free 15-minute consultation to receive actionable steps toward ultimately eliminating your ATO debt.
CONNECT WITH KATIE CRISMALE-MARSHALL

• Website: https://www.profitfirstfortradies.com.au/ 
• YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured  
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• Email: [email protected] 
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