Absolutely! There are a number of actions that can be taken to either avoid the personal liability or reduce its impact.
But the opposite is also true – if you do nothing then you will become personally liable for the tax debt.
Don’t worry! At Dissolve we provide free advice. Contact us and we will be happy to discuss your situation.
At Dissolve we are experienced in providing a range of solutions. We’ve listed a few below. But there are a whole range of possibilities.
Place the company into Voluntary Administration or Liquidation – but we want to make sure it is right for you
Organise a Payment Arrangement for the Company with the ATO – there are some tricks to this option so caution is needed
Restructure the company to save the business
Yes that’s understandable. It’s a complicated area. In fact, we’d say you are unlikely to be able to understand all of the issues yourself. You will need advice from an insolvency expert.