What to do when you receive a Director’s Penalty Notice
If you have received a Director’s Penalty Notice, there are a number of standard options available to you:
- You can enter into a payment arrangement with the ATO
- Appoint an Administrator
- Appoint a Liquidator
- Pay the penalty in full.
If you do nothing, after the 21 day period has elapsed, the debt owed to the ATO by the company becomes the personal liability of the director.
How we can help
We understand the technicalities of each option and can provide you with guidance on the business and personal ramifications of each. In many cases we can also source the funding needed to pay the ATO and to have the Penalty Notice withdrawn.
You can find out more, without charge and without obligation, by calling 1300 788 788.
You can find out more, without charge
and without obligation, by calling 1300 788 788 today
or click below to fill out a small form