In this episode, learn some of the key challenges facing accountants in their dealings with the Australian Taxation Office (ATO) and what you can expect in 2025.

Gain an overview of the challenges faced by small businesses, who account for 65 per cent of the ATO's debt, and the increasing pressures on both tax agents and taxpayers.

Dive into the ATO's renewed focus on tax debt recovery, especially the significant rise in unpaid taxes post-COVID.

Learn the importance of early engagement with the ATO to avoid enforcement actions like garnishee notices and director penalty notices (DPNs).

Key areas in this episode

• Impact of COVID on ATO's $50 billion debt book.

• Importance of early engagement and payment plans.

• Consequences for non-payment, including garnishee notices and DPNs.

• ATO's new initiatives to address GIC remission requests and improve timeliness.

• The ATO's approach to vulnerable taxpayers and improving service for tax agents.

• The impact of automation on the ATO.

• Issues raised by CPA Australia members.

Tune in now for valuable insights on how small business and tax practitioners can avoid penalties and manage their tax obligations more effectively.

• Host: Jenny Wong, Tax Lead, Policy and Advocacy, CPA Australia
• Guest: David Allen, Second Commissioner of Frontline Operations, ATO

For more information on the ATO, head to its website.

CPA Australia has tax resources on its website.

And you can find a CPA at our custom portal on the CPA Australia website.

Would you like to listen to more With Interest episodes? Head to CPA Australia's YouTube channel.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:

• With Interest
• INTHEBLACK
• INTHEBLACK Out Loud
• Excel Tips

Search for them in your podcast platform.

Email the podcast team at [email protected]