🚨 ATO Debt Will Soon Cost Your Clients More – Here’s Why It Should Be Their #1 Financial Priority 🚨

As a broker, now’s the time to step in and help our clients avoid a major financial blow.

From 1 July 2025, the ATO’s General Interest Charge (GIC) on unpaid tax debt will no longer be tax deductible. For many small businesses, this means thousands in extra annual costs.

👉 Right now, that 11.17% interest is partially offset by tax deductions. Soon, it won’t be.
👉 A $50K tax debt currently accrues $15+ in interest daily. After 1 July, none of that interest will be deductible.

💥 Why this matters:
Many SMEs treat the ATO like a line of credit – especially post-COVID. But with this change, that “easy credit” is about to get expensive.

📉 On top of that, tax debt can damage creditworthiness and hurt access to future loans – even with non-bank lenders.

 

✅ As a broker, here’s how we can help:
🔹 Educate our clients – Many don’t know this change is coming.
🔹 Explore refinancing options – Business loans can offer lower, deductible interest.
🔹 Assess cash flow – Ensure payment plans or loan structures are manageable.
🔹 Support early action – The longer they wait, the more it costs.

With Doma Finance, you can access 40+ lenders and solutions tailored to help clients refinance, unlock working capital, and manage ATO debt smartly.

🕒 The countdown to 1 July 2025 has begun. Get in touch with clients now and position yourself as the strategic partner they need.

💬 DM us or reach out to explore the best options today!

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