Why payday super could trigger more ATO director penalty notices
The ATO issued a record number of director penalty notices last financial year, and new payday super rules from July 1 could significantly increase that figure.
Let me tell you about the letter no director ever wants to receive and how to make sure you never do.
It’s called a Director Penalty Notice (DPN), and it arrives addressed to you personally, not your company, not your accountant, you. It means the ATO is coming after your personal assets for your company’s unpaid tax debts, your house, your savings, everything.
The good news? It’s entirely avoidable.
Sign up to continue
You've reached your article limit. Create a free account, or log in to continue.
Get our free newsletters in your inbox and extended article access by submitting your email.
Comments