Just as businesses thought that they had survived the COVID-19 pandemic, there was further disruption as a result of the 2022 floods in South East Queensland and Northern New South Wales. Many of the businesses impacted by the flooders were already owing large amounts of tax debt to the ATO and were looking forward to […]
Read moreWe have previously written about the impact of Director Penalty Notices. However, in summary a Director Penalty Notice allows the ATO to collect unpaid GST, PAYG Tax, superannuation (and certain other taxes) from a company’s director. That is a Director Penalty Notice makes directors personally liable for a company’s tax debts. There are two types […]
Read moreThe Australian Tax Office (ATO) had not been actively seeking to recover tax debts. This is due to the current Covid-19 pandemic and its effects to businesses. The ATO understands that many businesses have been unavoidably impacted by the pandemic. There are signs however thing have started to change, at least for Victoria, New South […]
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