The Federal Government rolled out JobKeeper back in March 2020 to sustain businesses impacted by the COVD-19 pandemic. The scheme, which at its height supported more than 3.8 million jobs, ended in March this year.
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There is a certain stigma attached to liquidation and company directors often don’t want their companies to go into liquidation. But liquidation can often be the only option for a company. And sometimes it can also be a good option.
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There has been a significant increase in tax debt owed to the ATO due to Covid-19. The following table below sets out what the ATO believes is total collectable tax debt: It is believed that the total collectable tax owed to the ATO will reach around $50 billion at 31 December 2021 being nearly twice […]
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