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How delaying not taking action Director Penalty Notice?

How delaying not taking action Director Penalty Notice?

Warns against delaying action on Director Penalty Notices (DPNs), sharing a construction company case: ready SBR pathway in August ignored for 2 months, DPN expired making director personally liable for $900K tax debt on $1M company liabilities unsolvable post-expiry.

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Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.

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