Business Tax Debt Advice – Practical Tips for Small Businesses
Meeting tax obligations is one of your most important duties as a company director. If you aren’t paying your tax liabilities when they’re due, the Australian Taxation Office is entitled to collect the debt in several ways. The ATO has the power to negotiate...
Take Control With a Debt Management Plan
More than 5 million Australians have struggled to pay their debts at least once in the last 12 months. That’s an alarming number, but help is available. Australians have access to a range of debt management solutions. These include formal and informal options for...
Our Comprehensive Guide to ATO Tax Debts
The Australian Tax Office (ATO) is a company’s most powerful creditor. While tax debts are technically ‘unsecured,’ the legislative power of the ATO means it has the ability to recover outstanding debts ahead of other creditors. Company tax debts can be very large in...
Director Personal Liability for Company Debts
Acting as the director of a company is a serious responsibility. You have a duty to act in the best interests of the company and its shareholders, but this isn’t always simple. When things go wrong, directors may be held personally liable for certain types of company...
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