TCC 93 - Don’t Ignore That Envelope – Dealing with Director Penalty Notices

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The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing!

Chris Beks

97 episodes

1 week ago

The Chasers Channel is for small business owners who are 'chasing the dream'! Each episode provides tips, ideas, and strategies for small business success. We bring you weekly insights, business ideas, tax tips and inspiration. Each month we’ll be speaking with some of the brightest minds in business across the world with a guest speaker, we'll explore the challenges and triumphs of entrepreneurs who are pursuing their passions and building successful businesses. Whether you're just starting or looking to take your business to the next level, this podcast is for you.

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Entrepreneurship

Business

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TCC 93 - Don’t Ignore That Envelope – Dealing with Director Penalty Notices

The Chasers Channel - Empowering Small Business Owners to Achieve the Dreams They Are Chasing!

7 minutes 58 seconds

2 months ago

TCC 93 - Don’t Ignore That Envelope – Dealing with Director Penalty Notices

The ATO issues a DPN when a company fails to meet its obligations around PAYG withholding, superannuation guarantee charge, or GST. And here’s the real problem – if the company doesn’t pay up, the ATO can make the directors personally liable. That means your personal assets – your home, your savings – could be at risk!Knowing how to respond quickly could save you from personal financial pain.