Many businesses sign multi-year commercial leases and then struggle to meet their lease obligations. In these circumstances, we can help you.
From 1 April 2020, the ATO will be able to issue Director Penalty Notices for a company’s unpaid GST. This article summarises how GST Director Penalty Notices will apply.
Have you got a personal tax debt you are struggling to pay? This might include a debt for income tax or a debt under a Director Penalty Notice.
If you do, you need to be aware that the ATO can issue a Garnishee Notice to your employer to recover the debt.
Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.
It can be difficult running a business as a sole trader. You need to be generating fairly significant revenue in order to generate a profit after your expenses have been paid. Given that you do not have the protection a company affords you it can be catastrophic for you personally if the business starts making… Read more »
Do you want out? If you’re considering how to exit a business, make sure you’re across all the options. Miss something important & it might end up costing you…
It is a common scenario that when a business leasing premises from someone fails there will be a significant debt owed to the landlord. This is the case because usually under the terms of the lease, landlords can claim rent for the remaining period of the lease (i.e. another 4 years after the lease has… Read more »
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…