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Category Archives: Uncategorized
Fraudulent Phoenix Activities
The Australian Commonwealth Government announced the strengthening of tax laws to counter fraudulent phoenix activities in the 2011 Federal Budget. Under the proposed measures:
1. The director penalty regime will be extended to superannuation guarantee amounts;
Posted in Uncategorized
Tax Blitz
The Australian Taxation Office has long had the ability to render company directors personally liable for tax debts through the Director Penalty Notice (DPN) regime. This regime has undergone some recent changes.
The major changes include:
A director has three options (previously four) to avoid personal liability. These are;
Comply with the notice, that is, pay the amount; [...]
Also posted in In The News, Insolvent Trading
Psychology Onsite Pty Limited (In Liquidation) (Receiver Appointed) – mypsych.com