In April this year, we published an article regarding the ATO recommencing the issuing of Director Penalty Notices (view article here). During the pandemic, the ATO had offered administrative relief to businesses who were experiencing financial difficulty. However, that relief was always going to come to an end… As at 30 June 2021, the tax [...]
As business owners prepare for the new financial year, this time often heralds reflection on (and assessment of) current business structures. It is also a time where we, as lawyers, are called upon to advise clients in respect of out-dated family trust structures which their business has either outgrown or which require amendment due to [...]
During the COVID-19 pandemic, the ATO offered administrative relief to businesses who were experiencing financial difficulty. However, Directors were not absolved from their personal liability under the director penalty regime. Now that lockdowns have ended and we are resuming something that resembles a ‘normal life’, the ATO has recommenced its quest to recoup unpaid taxes, [...]
Not getting along with your business partner and don’t feel like you have any options? Often people are company directors, shareholders, and employees in the one business and the interplay of rights and obligations associated with these roles can be quite complicated. We have recently resolved a number of disputes and negotiated partnership agreements for clients [...]
