Mackay Goodwin Insights | Corporate Restructuring, Advisory & Insolvency | Mackay Goodwin

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What to do if you receive a Director Penalty Notice

By Edwin Narayan The Australian Tax Office (ATO) has now begun their recovery debt collection by sending Director Penalty Notices and Director Penalty Notice Warnings. We had seen that the ATO recently paused their debt recovery processes due to the pandemic, and it looks like they are now in pursuit of unpaid taxes. A Director… Continue reading What to do if you receive a Director Penalty Notice

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What to do if you receive a Director Penalty Notice

By Edwin Narayan The Australian Tax Office (ATO) has now begun their recovery debt collection by sending Director Penalty Notices and Director Penalty Notice Warnings. We had seen that the ATO recently paused their debt recovery processes due to the pandemic, and it looks like they are now in pursuit of unpaid taxes. A Director… Continue reading What to do if you receive a Director Penalty Notice

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What you need to know about Director Identification Numbers

By Andrew Quinn As a director you are now required to verify your identity as part of the new director identification number (director ID). Following the agreement of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020  (Cth) all directors of a registered Australian body, registered foreign company or Aboriginal and Torres Strait… Continue reading What you need to know about Director Identification Numbers

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The best way to deal with creditors

By Grahame Ward Dealing with creditors can be overwhelming when you don’t know your rights, where to seek help or what to do. When you fall behind on your bills, rent, loan, credit card or debts, your creditor may obtain a debt collector. The debt collector will then be in contact with you to retrieve the… Continue reading The best way to deal with creditors

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5 Responsibilities you never knew a business director had

By Grahame Ward Business directors are the wheelhouse of a good organisation. The responsibilities of a director of a company are so diverse and varied that they could be doing a handful of things at any one time. From overseeing the company’s affairs to staying up to date on the business’ finances, a business director… Continue reading 5 Responsibilities you never knew a business director had

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Back in business

Business survival pack

With the rapidly changing environment and the amount of information being supplied by both Federal and State Governments, there is a wealth of information and support for businesses to digest. To assist you in finding the right solution for your business we’ve created this business survival pack to outline everything companies need to know in… Continue reading Business survival pack

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Security Company Case Study

An 85% reduction in debt gets company through a major trading and cash flow problem.

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Building Developer Case Study

This South Australian builder continues to trade, thanks to a DOCA, restructure and dispute resolution When an Adelaide building development company found itself in a lengthy and protracted legal dispute …

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Earthmoving Company Case Study

75% reduction in tax debt gets this earthmoving company moving again By the time a Melbourne-based earthmoving company contacted Mackay Goodwin over reducing their accrued debt, they had build up …

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