While we like to think we are clued up with our finances, many individuals still fall prey to investment scams.
Australia’s love of credit cards is a double edged sword, as too many people are suffering under the weight of credit card debt. In this article we explain a couple ways you can get on top of your credit card debt.
If you or your company can’t pay its tax debt its important you negotiate a payment arrangement with the ATO to avoid recovery action over your tax debt.
Company directors have a general duty to prevent a company from trading if it is insolvent. A director of a company which continues to trade whilst it is insolvent may be liable for insolvent trading.
As a director, you must ensure your company complies with certain tax and super obligations – failure to do so, will result in your personal liability.
The ASIC is currently taking steps to combat illegal phoenix activity. The ASIC has advised “illegal phoenix activity is a serious crime and may result in company officers (directors and secretaries) being imprisoned.
The ATO has actively issued Garnishee Notices recently. If you owe the ATO a debt which is not on an arrangement, act fast to avoid an empty bank account.