116 – Director Penalty Notices & the ATO
March 30, 2023
If you have a business in Australia, you may have noticed that lately the Australian Tax Office (ATO) is putting a lot of effort into recovering debt from businesses.
This is because over the last few years, debt collection had been halted due to Covid and its many issues like lockdowns.
We are joined by Bruce Gleeson (Jones Partners Insolvency) to look at ways that businesses can better engage with the ATO and deal with outstanding debt BEFORE it gets to the point of director penalty notices being issued.
Find out some key strategies to manage your business debt better.
Bruce Gleeson is a Director and Owner in Jones Partners, a firm that provides tailored solutions to companies (particularly small to medium enterprises) and individuals in financial difficulty or that require restructuring assistance, exit planning advice or general strategic advice.
He has in excess of twenty five years in corporate insolvency, restructuring, exit planning and bankruptcy experience. Bruce has also held roles in commerce with several Top 100 Companies (James Hardie and AMP) to further add to his professional skills in areas such as compliance and project management.
Bruce is a Registered Liquidator, Registered Trustee in Bankruptcy and a Justice of the Peace (NSW).
Sign-up for our monthly newsletter so you don’t miss an episode (plus get access to extra resources).