A warning for your lazy clients – Director Information Sheet now available
I mentioned a month ago that Accountants needed to warn their clients of the impending changes to the Director Penalty Notice regime – in brief, there is a substantial move towards automatic director personal liability for company PAYG and Superannuation Deduction liabilities.
I’ve prepared a Director Information Sheet at www.dissolve.com.au/director-info-sheet which is designed to provide Public Accountants with some ammunition to send to their …. recalcitrant… clients.
You may wish to download the Information Sheet and send it to your clients. Feel free to either send it on Dissolve letterhead or just steal the words if you prefer.
The bottom line is that directors should now never fail to lodge their BAS returns within three months of their due dates. If the company can’t pay a debt arising from the return, lodge it anyway, so that automatic director personal liability is avoided. If your client’s problems appear terminal then you’ll be aware that Dissolve provides low cost, fixed price company liquidations.