From 1 July 2025, the rules around ATO payment plans are changing and it could cost your business more than you realise.
The key update: interest on ATO payment plans will no longer be tax deductible. That means the already high General Interest Charge (currently 11.17%) becomes even more expensive, and many businesses may find themselves paying more to manage overdue tax debt.
With the ATO reporting $53 billion in unpaid tax and rising insolvency rates, business owners are being urged to explore alternatives now before the rules change.
Smarter options include:
- Business loans that act like a line of credit
- Invoice finance
- Equipment or asset refinancing
These options often come with lower rates, longer terms, and tax-deductible interest, making them a more effective way to manage cash flow and stay ahead.
Why Thrive Broking?
Because we get it. With nearly 30 years of experience, we offer after hours support, real conversations, and a broker who genuinely cares. You’re not a number here, you’re a business we’re backing.
Act now. If you’ve got an existing ATO payment plan or are worried about tax debt, talk to us at Thrive Broking. We’ll help you find a tailored finance solution before July rolls around.
Call 0489 085 525 or visit Our Website to book a discovery call even outside of standard business hours.
Check out our previous accounting and financial related blog posts >> Here
