07/10/2026
Don't just pay the debt. Know your options first.
If you're carrying ATO debt, here's what Timmy Niesler walks through on the new episode:
First, split your current from your old. What you're putting away now (PAYG, GST) is one problem. What you're paying off is another. Treat them separately so you can see where your cashflow is actually getting squeezed.
Second, look at your options for the old debt. A longer payment plan. A loan. Other ways to reduce it. Most people just accept a short repayment schedule, and that's what tightens the cashflow.
Third, protect your current cashflow. Stretching the old debt over a longer period with smaller payments beats catching up fast and then falling behind on current bills.
And if your accountant isn't across all the options, find one who is. That's how you make an educated decision instead of defaulting to the first arrangement on the table.
Watch the preview in our story. 👀
