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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Every year, thousands of individuals and businesses don’t lodge tax return for various reasons. With one of the main reasons is the fear of not being able to pay the tax debt owed.
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