15/03/2022
Are you or were you recently a director of a company? Did you know that if you have unpaid tax liabilities you can become personally liable for these?
The ATO can issue what is called a 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗡𝗼𝘁𝗶𝗰𝗲 which only gives you 21 days to do one of the following 4 options:
1️⃣ Pay the liability in full
2️⃣ Put the company into administration
3️⃣ Appoint a Small Business Restructuring Practitioner (SBRP)
4️⃣ Put the company into liquidation
If you think you have an ATO debt, it is important to act IMMEDIATELY.
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