Category - ATO Tax Debt

Ten tips for all Directors on how to minimise your risk of being personally liable for company debts

The ATO have extremely wide powers, and right now the ATO is increasing its use of Director Penalty Notices (DPNs) for unpaid PAYG tax and superannuation debts. This is part of an overall strategy adopted by the ATO since the new laws were passed in July 2012. Insolvency Professionals a specialised division of Irish Bentley […]

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Corporate Insolvency Is On The Rise Across Australia

With corporate insolvency on the rise the personal liability of directors to deal with the debt is becoming debilitating for business owners. The Insolvency Professionals are seeing a flow on effect of struggling small companies and directors being affected personally. There are two flow on effects of corporate insolvency for company directors. The first is […]

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