by John Kukulovski | Apr 17, 2024 | Business, Tax & Accounting
The Australian Tax Office (ATO) is undergoing significant shifts in its approach to debt collection, with implications that directly impact small—to medium-sized businesses (SMBs). Understanding these trends is vital for SMBs to manage their tax obligations...
by Liam Bellamy | Oct 14, 2023 | Business, Insolvency
Section 203AB of the Corporations Act 2001 (Cth) was introduced in 2020 by the Australian Federal Government to combat “phoenixing,” a practice where companies evade debt by liquidation or abandonment. This section renders a director’s resignation...
by Liam Bellamy | May 23, 2023 | Business, Insolvency, Recovery, Restructuring, Tax & Accounting
As trusted insolvency professionals dedicated to assisting company directors in Australia, we understand the significance of the end of the financial year (EOFY) for businesses facing financial challenges. It’s a critical time that demands careful planning and...
by John Kukulovski | Apr 26, 2023 | Business, Insolvency, Tax & Accounting
If you’re the director of an Australian company or are planning on becoming a company director, you should have heard of a Director Identification Number (DIN). A DIN, sometimes referred to as a Director ID is a unique identifier assigned by the Australian Securities...
by Liam Bellamy | Jul 29, 2022 | Business, Finance, Insolvency, Restructuring, Tax & Accounting
What is a Director Penalty Notice? Director Penalty Notices (DPN) is a way in which the liability of a company can be passed on to the director personally by the ATO. Back in March the ATO recommenced issuing DPNs and has indicated that they intend to ramp up the...