by Cliff Sanderson | Dec 18, 2018
WORRIED ABOUT A COMPANY TAX DEBT? WELCOME TO DISSOLVE, SPECIALISTS IN LOW COST COMPANY LIQUIDATIONS There are several actions the ATO can take against a company struggling to pay their tax debt. Garnishee Notice Director Penalty Notice Departure Prohibition Order If...
by Cliff Sanderson | Dec 14, 2018
What are they? Should you agree to one? It is very common for a company that is facing insolvency to become slow in paying its tax liabilities. Typically, the tax man is one of the first creditors that a company that is financially distressed ceases to pay. The ATO...
by Cliff Sanderson | Aug 9, 2018
What does it mean? What should you do? The ATO has the power to stop a debtor from leaving the country (regardless of whether they intend to return or not) until such time as a debt is paid in full or suitable arrangements for payment of the debt are made. This order...
by Cliff Sanderson | Aug 9, 2018
What does it mean? What should you do? A Garnishee Notice entitles the Australian Tax Office (“ATO”) to collect an outstanding tax debt by directly removing monies from an insolvent company’s bank account or directly collecting monies from a company’s debtors. The...
by Cliff Sanderson | Aug 9, 2018
What can you expect and when? Unpaid tax debt is the most common reason for a company to enter liquidation. Most directors are aware that the ATO has a range of strong enforcement actions it can use in pursuing debts from companies: Director Penalty Notices; Garnishee...
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