Tag Archives: Tax Debt
ATO has new powers to stop phoenix transactions
On July 1, the ATO was granted new powers to fight against phoenix activity. Continue reading
ATO plans Security Bonds to beat phoenix activity
The ATO is seeking amendments to its powers with the introduction of the Draft Tax Laws Amendment Bill 2010 that will give the ATO discretionary power to demand security deposits from businesses as part of securing likely or expected tax obligations. Continue reading
Tax Debt may come back to haunt you
SOME tax debt can come back to haunt you, even after it’s been written off up to 10 years ago. At almost any time, the Australian Taxation Office can re-raise old tax debts and demand they be settled, along with any interest charges. Continue reading
Average Aussie paying 40% more tax than 5 years ago
THE amount of tax paid by the average Australian has rocketed by up to 40 per cent in just five years. Continue reading
10 reasons why companies are wound up or placed into voluntary liquidation
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Directors place†companies into Liquidation for a number of reasons. They include; Continue reading
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