Business, Restructuring & Insolvency Insights
Practical insights, analysis and updates from WCT Advisory's experienced financial advisory, restructuring and insolvency specialists.
Explore our latest thinking on business financial distress, restructuring, insolvency, corporate finance, taxation, business valuations, director obligations and emerging issues affecting Australian businesses.
Need help understanding what this means for your business?
Our team can help you assess your circumstances, understand your options and determine the appropriate next step.
Director Penalty Notices and SMEs
This is the fourth in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency.
Following on from our previous article, we will now look at one of the more prominent risks of, firstly not reporting activity and superannuation guarantee when due, and secondly not paying debts owed to the Australian Taxation Office.
Directors need to keep a sharp eye out for Director Penalty Notices from the ATO.