Our Latest Blogs

Even when the situation is desperate, liquidation is not your only option. It is only one in a range of options that are available. An unplanned liquidation may not only be a traumatic experience, it may be the wrong decision for you – no matter the price. So before you make a decision on a low cost liquidation based on […]

 If you are trading through a PTY LTD company, the usual rule is that a director is not liable for the company’s debts – however there are a number of ways a director can become liable for company tax debts. The Director Penalty Regime The ATO has power to hold a director personally liable for company tax […]

The promise of a Cheap Liquidation is a popular myth in the business world. More often than not, the unsuspecting Company Director is hit with financial liabilities that go way beyond the initial cost of liquidation and can even put his own personal assets at risk. As this true story demonstrates, Voluntary Liquidation is not […]

If you are experiencing extreme financial hardship, there is no doubt you will be considering bankruptcy. Bankruptcy Firstly, it should be said that bankruptcy is about allowing a person in overwhelming debt to relieve themselves of the debt burden and to allow themselves a fresh start. If you are experiencing overwhelming debt, or a level of debt you […]

In a word, Yes. A director can be held personally liable for company tax debts – specifically: unpaid PAYG withholding unpaid superannuation guarantee payments How can a director be liable for company tax debts? If the ATO wishes to hold a director liable for a company tax debt, it must issue a Director Penalty Notice […]