If you are a small Business owner with debt owed to the ATO, failure to act can lead to more than a business debt; it can have implications that may follow, with risk to personal assets.
Are you a Director, or have you given personal guarantees? If so, once a director’s penalty notice is issued, you can find your own assets exposed.
Be aware that, with closer scrutiny and new tools, the ATO is more active and under pressure to recover outstanding debts.
Don’t let you or your Business be exposed to this risk.
Contact Blackburn Accounting today. Let us help with your taxation and Business matters. We are your Family Business Specialists, offering a range of services.
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Have debt, need help to address and resolve it?
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Want strategies that legally minimise tax obligations
Blackburn can provide the answers you need to run a successful Business that’s running at peak performance.
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