Following an extended period of leniency to allow businesses to cope with the tough conditions of the pandemic, the ATO has increased their focus on delinquent accounts.
Last year, the ATO began chasing payments on outstanding debt and acting on their powers to report businesses to credit reporting agencies. Now, the ATO are focused on issuing letters to company directors warning of their Personal Liability under a Director’s Penalty Notice (DPN).
Changes to DPN legislation all Directors need to be aware of
The ATO are now chasing company directors whose companies have overdue obligations including:
As part of the current crack down, the ATO is more likely to disclose businesses with non-compliant tax debt to Credit Reporting Bureaus.
Please contact our office on 9387 5637 immediately if you receive a Director’s Penalty Notice.
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.