The Federal Government’s commercial rent relief provides for much needed cash to sustain SME businesses through the current disruption and beyond. For some however, the businesses will not survive even with the minimum relief provided by the Code.
Queensland COVID-19 Rent Relief Measures Extended
The Queensland Government has extended its rent relief measures to 31 December 2020, but there are new provisions of the Regulations.
Success Story: How a Growing Business Avoided Liquidation with an ATO Payment Arrangement
Our success story tells of a client we helped negotiate an ATO Payment Arrangement for, in order for them to avoid liquidation.
Success Story: Debt settlement for a failed property developer
Our client’s problem We were recently referred a property developer client who had two companies which were involved in a failed property development in northern New South Wales. The companies had limited assets and they owed several hundred thousand dollars to creditors.
Coronavirus Business Problems; 9 Tips to Help Save Your Business
Coronavirus has already had a devastating impact on businesses and it appears that the financial impact will be felt for years to come. If your business is in trouble it can be difficult to know where to turn or what to do. So, we have put together this list of tips for you to follow… Read more »
GST Director Penalty Notices are Here
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.
The cost of illegal phoenix activity
The direct cost of illegal phoenix activity was estimated to cost between $2.85 billion to $5.13 billion for the period from 1 July 2015 to 30 June 2016.
Plutus Payroll Case Study; Significant tax fraud
Plutus Payroll Australia managed to misappropriate approximately $167 million in PAYG tax owed to the ATO. With these funds they lived a lavish lifestyle, buying expensive houses, fast cars and travelling to exotic places. Single Touch Payroll reduces the chances of this type of fraud happening.
Garnishee Notices; How the ATO will garnishee your wages
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.
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