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Warning shot frightens directors into action on debt

A warning shot at thousands of directors with company debts has found its mark according to insolvency specialists across Australia, who said inquiries have risen sharply since the ATO letter went out last month.

Warning shot frightens directors into action on debt
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Warning shot frightens directors into action on debt

One large practice said inquiries from directors had doubled and almost all of them had received a letter from the Tax Office warning of penalties unless they addressed their company’s debt.

Read more at Accountants Daily

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