Director Penalty Notices; the Pitfalls
Director Penalty Notices; the Pitfalls

We have previously explained about the different types of director penalty notices (DPNs) which can be issued by the ATO here. In summary there are: ‘Ordinary’ or 21-day DPNs where directors can avoid personal liability if the company is placed in liquidation or voluntary administration; and ‘Lockdown’ DPNs where directors will not be able to […]

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ATO review shows undisputed tax debts increasing
ATO review shows undisputed tax debts increasing

A review carried out by the ATO shows that undisputed tax debts have increased by 77.6 percent in the four years to 30 June 2020. Inspector-General of Taxation and Tax Ombudsman, Karren Payne’s review found that collectable debt has grown from $19.2 billion at 30 June 2016 to $34.1 billion at 30 June 2020. The […]

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Settle tax debts with small business restructuring
Settle tax debts with small business restructuring

Has your company got a tax debt it can’t pay? If so, you can ask the ATO for a payment arrangement. And as part of a payment arrangement the ATO may agree to reduce interest and penalties owed by a company. But the ATO will virtually never agree to reduce a company’s core tax debt. […]

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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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