News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV161: ATO debts – what are the options

·17 min·1 clip

A Director's Penalty Notice makes you personally liable for company tax debts.

This episode provides a timely update and practical guidance for small businesses struggling with tax office (ATO) debts. The hosts explain recent changes making ATO interest non-deductible, detail the ATO's aggressive $50 billion debt recovery efforts, and outline the serious personal risks for company directors. They conclude with actionable steps and professional advice options for businesses in financial distress.

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