16/12/2025
In this episode, Salmin Khan, chartered accountant and business advisor from Tact Advisory and Darren Liu share practical insights on common mistakes, misconceptions, and practical steps to manage debt effectively, including how lenders and specialists can help protect your business.
Key Topics discussed:
The Rising ATO Debt Issue
- Why ATO debt has become a major concern for Australian businesses.
- The scale of debt the ATO is actively pursuing.
Common Misconceptions and Mistakes
- Typical misunderstandings business owners have about ATO debt.
- Frequent errors that make tax debt situations worse.
Psychological Barriers
- Why business owners often avoid acknowledging tax debt.
- How this hesitation can escalate problems.
Practical Steps Once Debt Appears
- Immediate actions business owners should take.
- How responses differ depending on the size of the debt.
Role of Lenders and Specialists
- How banks and non-bank lenders can assist.
- Why engaging experts early can safeguard business viability.
Business Viability Concerns
- When a tax debt issue crosses into a serious business risk.
- Clarifying myths around liquidation and debt responsibility.
Watch the full episode now and gain clarity on rising ATO debt.
