12/05/2024
Over the past 18 months, the Australian Tax Office (ATO) has begun its intensified efforts in recouping many tax debts and outstanding taxation and superannuation obligations from small businesses, previously provided a limited-time amnesty.
As at 2024, unpaid taxation liabilities currently accounts for $33 billion, therefore the ATO is now actively pursuing debt recovery interests - with a new surge of Director Penalty Notices (DPNs) being issued.
With an increased ATO mandate, it is critical for business owners to understand the implications of DPNs and the potential options available to them, where one has been issued.
In our latest Insights article, we highlight what you need to know about Director Penalty Notices -
Over the past 18 months, the Australian Tax Office (ATO) has begun its intensified efforts in recouping many tax debts and outstanding taxation and