With the ATO sending more than 200 director penalty notices (DPNs) out each week to company directors this paper explores all things DPN – what they are, when they may be issued, steps to take upon...
Director Penalty Notice
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Business Articles
Company Liquidation Process
The lingering COVID-19 pandemic, rising interest rates and rocketing inflation are all contributing to a significant rise in company failures in Australia. It seems like every day a high-profile...
Australian Business Number (ABN)
What is an Australian Business Number (ABN)? An Australian Business Number (ABN) is a unique 11 digit identifier assigned to businesses, serving as an identification code recognized by the...
Director penalties
What are director penalties? A company director becomes personally liable for the company's unpaid amounts of: pay as you go withholding (PAYGW); goods and services tax (GST); and super guarantee...
Business Tax Record Keeping
You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business, specifically: any documents...
Asset Protection
Asset protection is one of the most important issues when considering wealth building. How tragic it is when people work hard for years to accumulate wealth, only to then lose it due to poor...
Business Structures
This article is an overview of the most common business structures for small to medium-sized businesses in Australia. In choosing an appropriate business structure, there are several essential...
Money and your small business
When running a business, you may need to wear quite a few hats: a time manager, a product or service marketer, a team manager, or a cashier - you name it. Such a multitude of roles can get overwhelming. Despite this, know that there are tasks that you alone can do....