Tax recap: The 23 updates, reforms, and crackdowns that defined 2023
It was a year of transition for the Australian Taxation Office: after an extended period of leniency shown to small busines taxpayers struggling through pandemic lockdowns, 2023 marked a reversion to the norm.
Court actions by Big Four banks against SMEs ramp up to pre-pandemic levels
The Big Four banks are ramping up their court activity against small businesses as interest rates continue to rise, with legal actions firmly at pre-pandemic levels in October.
Company director hit with $53,000 DPN nearly a year after business deregistration
The Australian Taxation Office should clarify its legacy debt collection strategy, an insolvency practitioner says, after the tax office levelled a director penalty notice against an entrepreneur whose business was liquidated and struck off the company register last year.
Failure to lodge penalty amnesty might not spare business leaders from ATO’s ‘lockdown’ director penalty notices
Small business directors who confess their late tax statements under the failure to lodge penalty amnesty program may not be spared from other Australian Taxation Office crackdowns, including the use of 'lockdown' director penalty notices, a leading restructuring expert has warned.
‘Overdue’: The ATO is cracking down on small business tax debts by issuing 40 director penalty notices a day
The ATO is ramping up its issuance of director penalty notices — which can hold current and former company directors personally liable.
The ATO is back issuing Director Penalty Notices but payment arrangements are no longer accepted
While the ATO put most overdue tax collection on hold during the pandemic, it has now recommenced some collection activity, including the issuing of Director Penalty Notices.
Company directors will soon be liable for unpaid GST: A guide to managing your obligations
From 1 April 2020, Australian company directors will be personally liable for their company’s unpaid GST. Here's what you need to do to minimise your risk.
