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POPULAR ARTICLES ON: Insolvency/Bankruptcy/Re-Structuring from Australia
Director penalty notices and the family home
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Directors need to understand the personal ramifications if their company does not pay the DPN liability.
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Issuing a DPN is one way the ATO seeks to compel a director to comply with tax and superannuation obligations.
New powers to combat phoenixing in NSW construction
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Phoenixing is liquidating a company to avoid debts and then resurrecting the business via a separate entity.
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Liquidation should be a last resort to financial difficulties, so consider these steps first.
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The Small Business Restructuring (SBR) program was introduced to assist businesses facing financial difficulties.
Learnings From Recent Small Business Restructuring (SBR) Successes
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Considerations from two SBR plans accepted by the ATO, as the sole or major creditor.
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