Director of company with $30 million ATO debt banned for illegal phoenix activity. ASIC has banned the director of SME Fleet Pty Ltd (SME Fleet) and New Cars Plus Pty Ltd (New Cars Plus) from managing companies for five years as a result of his conduct in managing the companies, including illegal phoenix activity. SME […]
Read moreThe ATO will soon be able to report your tax liabilities to various credit reporting agencies. Obtaining credit could therefore become harder for those entities that do not pay their tax and do not engage with the ATO.
Read moreMost businesses now have had to implement Single Touch Payroll. As a result of this they are now reporting the following information to the ATO each time they pay employees: Employee names and tax file numbers; Gross wages paid; PAYG Tax withheld; and Superannuation payable.
Read moreIf you have a tax debt , you should urgently obtain professional advice and assistance. This will help you avoid ATO recovery action.
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