Will there be ‘free’ liquidations starting 1 July 2023?
Will there be ‘free’ liquidations starting 1 July 2023?

Over the years, we have come across many directors whose companies would benefit being placed in liquidation. These companies have no assets and have tax debts they could not possibly repay. The directors however have been unable to place their companies in liquidation due to the costs involved. Starting 1 July 2023, liquidating these companies […]

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ATO beginning to refer businesses to credit reporting agencies
ATO beginning to refer businesses to credit reporting agencies

In 2019, the Federal Parliament passed the Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Act 2019. This legislation allows the ATO to, among other things, disclose the details of a company owing more than $100,000 in tax debt to credit reporting agencies (CRAs) e.g. Equifax, Illion and Experion. The ATO however, […]

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Can you avoid Director Penalty Notice liability by resigning as a director?
Can you avoid Director Penalty Notice liability by resigning as a director?

We 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 […]

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ADVICE AND ASSISTANCE

If you have a tax debt , you should urgently obtain professional advice and assistance.  This will help you avoid ATO recovery action.

We can assist you deal with your tax debt problems.  So, please call us for an initial no obligation free consultation.

Struggling with Tax Debt?
We can help.  So call us today.

Contact Us

We’re here to help so contact us now for a free no obligation consultation.

Tax Debt Solved
GPO Box 691
Brisbane Qld 4001

Email: mail@taxdebtsolved.com

Fax:  07 3221 8885
Phone: 07 3221 0055





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