GST Director Penalty Notices are here

GST Director Penalty Notices are Here

30 Mar 2020

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.

Read More
charging clauses

Charging clauses in guarantees

14 Feb 2020

Often when a business owner signs a credit application for their business, they don’t know that they are signing a personal guarantee let alone a guarantee, which has a charging clause. However, the risks and impacts of guarantees with charging clauses can be significant.

Read More
bankruptcy assets

What assets can you keep in bankruptcy?

04 Feb 2020

If you become bankrupt, your bankruptcy trustee will be able to sell some of your assets. But there are various assets which are protected and which your trustee cannot sell. So, what assets can and can’t be sold?

Read More
ATO Fraud

Plutus Payroll Case Study; Significant tax fraud

26 Nov 2019

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.

Read More
Garnishee Wages ATO Tax DEbt

Garnishee Notices; How the ATO will garnishee your wages

07 Nov 2019

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.

Read More