by Investment Plus Accounting Group | Aug 7, 2023 | ATO, Director Penalty Notice, Tax debts
A company structure is often praised for its asset protection benefits, as it can shield the directors from personal responsibility for the company’s debts. We look at personal liabilty for company tax debts. However, in recent times, directors have been...
by Investment Plus Accounting Group | Aug 7, 2023 | ATO, Director Penalty Notice, Small Business
We all hear about director penalty notices (DPNs) for company directors and its power over personal liability for certain tax debts. But what about the 31% of small businesses operating as sole traders? The ramifications that can flow from a sole trader with tax debt,...
