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Have you received a
Director Penalty Notice and can’t pay?

We hear from many directors that have found the ATO is pursuing them personally for a company tax debt. The ATO has issued over 200,000 Director Penalty Notices to directors and it has made them personally liable for their company’s tax debt.

This unexpected tax debt is causing financial stress for many directors.

It is confusing but you do have viable options.

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    IS THIS

    What Happened to You?

    Your company had a tax debt and the ATO issued Director Penalty Notices to the directors
    The ATO entered that debt on your personal tax portal but didn’t ask for payment for 
some time
    Recently the ATO did ask, or Demand, payment of the debt by you personally
    You suddenly have a large personal tax debt that can’t be paid in the timeframe demanded

    IS IT

    Legally Valid?

    Can the ATO make a director personally liable for the company’s tax debt using a Director Penalty Notice?
    YES

    If I can’t pay, 

    are there options that 

    can help me?
    YES

    WHAT ARE

    My Options?

    Your options are:
    1

    Pay the tax debt in full in the timeframe requested by the ATO

    2

    Enter a Payment Arrangement with the ATO to pay in full over a period of time, usually up to 2 years

    3

    Do a Debt Agreement (for debts under about $137,000) to reduce your debts to a more managemable amount

    4

    Do a Personal Insolvency Agreement to reduce your debts to a manageable amount

    5

    Declare 

    Bankruptcy

    IT SOUNDS COMPLICATED!!!

    Yes it is! That’s why we suggest you:

    • Take our free online Tax
      Debt Solution analysis

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    Insolvency Practitioners

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    Association

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    Contact Us

    Tax Law can be a complex area and circumstances vary, so we recommend a telephone call for your initial consultation. We will then gladly meet you or just confirm our advice and quote in writing.

    Please either give us a call or submit the form and we will get back to you.

    1300 659 691