Have you received a Director Penalty Notice (DPN) or a Federal Court bankruptcy notice or windup because you have not paid a tax debt?
If so, the first thing to determine is whether you or your company is bankrupt or insolvent. If not, then we should be able to organise a payment plan for you.
The test for whether a person is bankrupt is whether they are unable to pay their debts when they are due.
The time period within[...]
The ATO does not ‘cut a deal’ with taxpayers on a commercial basis. The law doesn’t allow it. But there are some parts of the law that allow for a tax debt to be reduced. This article explores these options.[…]
When the ATO issues a DPN, it can continue to chase the company for the same underlying amount, and can chase multiple directors for the same underlying amounts.[…]
Directors – don’t get caught being liable to pay your company’s unpaid taxes because you will be personally liable for a Director Penalty Notice (DPN). This […][…]
Here’s everything you need to know about how the ATO’s general interest charge works.[…]
The ATO can continue debt collection against you, even if you are disputing the debt. Read more about its policies and whether a 50/50 arrangement is suitable for you.[…]