A webinar explaining Director Penalty Notices. What they are, what you need to know, and what to do if one turns up.

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After what seems like a prolonged grace period allowed by the Australian Taxation Office (“ATO”) to take into account the ongoing distress felt by businesses as a result of floods, fires and the COVID19 pandemic, it appears the process has again commenced to recover the tens of billions of dollars owing to it by small and medium businesses.

Whilst there are numerous methods the ATO can utilise to collect outstanding amounts, we thought it would be a good time for a refresher on Director Penalty Notices (DPN’s), given the alerts being issued by the ATO in relation to same.