18 Sep ATO debt help for company directors
If your company owes the ATO, you can pay in full, ask for a payment plan, restructure, or wind up. Acting before the ATO issues a director penalty notice keeps...
Insights
18 Sep Received a director penalty notice (DPN) from the ATO?
A director penalty notice (DPN) means the ATO can make you personally liable for some of your company's tax debts. You have 21 days from the date the notice was...
16 Oct Occupation fees and credits when one co-owner lives in the property
.postid-6589 table.gg-table{width:100%;border-collapse:collapse;margin:10px 0 25px}.postid-6589 table.gg-table th,.postid-6589 table.gg-table td{border:1px solid #ddd;padding:10px;vertical-align:top;text-align:left}.postid-6589 table.gg-table th{background:#f4f9f1} Each co-owner is entitled to possess the whole property, so living there is not, by itself, a reason to...
16 Oct Buying out a co-owner in NSW: how it works and what happens if they refuse
.postid-6587 table.gg-table{width:100%;border-collapse:collapse;margin:10px 0 25px}.postid-6587 table.gg-table th,.postid-6587 table.gg-table td{border:1px solid #ddd;padding:10px;vertical-align:top;text-align:left}.postid-6587 table.gg-table th{background:#f4f9f1} To buy out a co-owner, you agree a price for their share, usually based on a current valuation less...
16 Oct Bankruptcy and jointly owned property: what happens to a co-owner’s share
When a co-owner becomes bankrupt, their trustee in bankruptcy becomes the owner of the bankrupt’s share of the property, and the other co-owner cannot deal with the property without the...
16 Oct Severing a joint tenancy in NSW: how it works and when it matters
.postid-6560 table.gg-table{width:100%;border-collapse:collapse;margin:10px 0 25px}.postid-6560 table.gg-table th,.postid-6560 table.gg-table td{border:1px solid #ddd;padding:10px;vertical-align:top;text-align:left}.postid-6560 table.gg-table th{background:#f4f9f1} Severing a joint tenancy turns a joint tenant into a tenant in common, which ends the right of survivorship...
16 Oct Joint tenants vs tenants in common in NSW: what the difference means if co-owners disagree
.postid-6558 table.gg-table{width:100%;border-collapse:collapse;margin:10px 0 25px}.postid-6558 table.gg-table th,.postid-6558 table.gg-table td{border:1px solid #ddd;padding:10px;vertical-align:top;text-align:left}.postid-6558 table.gg-table th{background:#f4f9f1} Joint tenants own the whole property together. When one dies, their interest passes automatically to the surviving joint tenant...
21 Sep Restructuring a Plumbing Contractor with a $775,000 ATO Debt
A plumbing contractor with more than 60 employees and over $10 million in turnover reduced about $975,000 of debt to about $256,000 through small business restructuring....
21 Sep Restructuring an Aquarium Retailer with a $309,000 ATO Debt
An aquarium supplies retailer trading online and from a showroom reduced about $336,000 of debt to $76,200 through a small business restructuring plan....
21 Sep Restructuring a Restaurant with 29 Employees and $795,000 in Debt
A restaurant employing 29 people reduced about $795,000 of debt, including $715,000 owed to the ATO, to about $179,000 through a small business restructuring plan....
19 Sep Restructuring an NDIS Provider with More Than 60 Employees and 100 Participants
An NDIS provider with more than $2 million owed to the ATO was restructured through voluntary administration and a deed of company arrangement funded from trading profits....
