PROFESSIONALS and people on high incomes are declaring bankruptcy faster than ever in Australia. Continue reading
Tag Archives: bankruptcies
Accountant jailed over part in $27 million tax fraud
A Perth accountant has been sentenced to 13 months jail for his part in and after admitting to conspiring to defraud the commonwealth of $27 million. Continue reading
ATO responsible for 7% of company liquidations
THE tax office is winding up and bankrupting thousands of self-employed workers and small businesses instead of restructuring their tax debts.
The Australian Taxation Office admitted it was responsible for 2 per cent of bankruptcies and 7 per cent of all company wind-ups in the last financial year. Continue reading
Bankruptcies hit record highs in Australia with worse to come!
THE proportion of Australians who are bankrupt or insolvent has hit an all-time high Continue reading
Aussies going broke by the thousands – Bankruptcies increasing at record rates
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AUSTRALIANS are going broke at a record rate with about 3000 people hitting the skids each month as they are swamped by growing debt. Continue reading
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