In today’s climate, an increasing number of disputes are escalating to litigation. Going to court is not only costly but can also be a stressful and intimidating experience.
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Cash flow is often described as the lifeblood of a business. This is especially true for small and medium-sized enterprises.
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The placement of a caveat can have significant consequences as it can impact upon you selling or refinancing the property until the issue has been resolved.
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Recently, the ATO has commenced disclosing businesses’ debt information to credit reporting agencies if the business meets certain criteria.
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The team at Scoglio Law would like to wish everyone a happy festive season and a prosperous New Year!
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You may have noticed that over the last 12 months the Australian Taxation Office (“ATO”) have returned to “business as usual” in terms of enforcing overdue tax debts.
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With the increase in DPNs being issued by the ATO, companies operating small businesses are often faced with a difficult decision to make about whether to place their company into administration or liquidation.
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If you have unpaid tax liabilities, you could be faced with court proceedings, bankruptcy, or in the case of companies, liquidation. Directors may also be personally liable for some tax debts incurred by their company under the Director Penalty Notice (DPN) regime.
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Understanding and addressing PPSR issues is crucial in the heavy machinery industry to protect the interests of secured parties.
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