shopping_cart

Your shopping cart is empty

  • Home
  • Tax issue for companies (and their directors) when approaching, and entering, insolvency paper

Tax issue for companies (and their directors) when approaching, and entering, insolvency paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 16 Oct 09 by TASMANIAN DIVISION, THE TAX INSTITUTE

This paper provides a practical insight into the rights, obligations and entitlements of companies and their directors when insolvency is looming. It considers when a proactive approach is warranted in dealing with the taxman's debts, and the consequences of adopting a ‘head in the sand' attitude. The paper focuses on real life situations affecting SMEs in the Global Financial Crisis and covers:

  • tricks and traps for negotiating tax debts with the ATO
  • when personal liability attaches to directors for unpaid tax debts, and how to ensure personal liability does not arise
  • the (few) circumstances under which the ATO enjoys a priority over unsecured creditors.

Author profile

Lachlan Wolfers CTA
Lachlan is the leader of KPMG’s Indirect Tax practice in China and a member of KPMG’s Global Indirect Taxes leadership team. He was formerly a director of The Tax Institute, and leader of KPMG’s Indirect Taxes and Tax Controversy practices in Australia prior to his relocation to China in 2011. In his current role, Lachlan is assisting multinational companies transition to VAT in China. He is a frequent presenter and media commentator on VAT issues in China, and is currently advising China’s Ministry of Finance and State Administration of Taxation on several tax reforms, including VAT and Advance Rulings. - Current at 30 August 2017
Click here to expand/collapse more articles by Lachlan R WOLFERS.

 

This was presented at 2009 Tasmanian State Convention .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Working together to deliver good outcomes for the community - An update on the Compliance Program in a changing environment

Author(s):  Bruce QUIGLEY

Materials from this session:

Tax issues in property investment

Author(s):  Arthur ATHANASIOU

Materials from this session:

Managing trust losses

Author(s):  Meagan O'CONNOR

Materials from this session:

Tax issue for companies (and their directors) when approaching, and entering, insolvency

Author(s):  Lachlan R WOLFERS

Materials from this session:

Lost love and lost money - An incendiary combination: Current tax and trust issues in the Family Court

Author(s):  Arlene MACDONALD

Materials from this session:

2009 tax update

Author(s):  Brent MURPHY

Materials from this session:

Building superannuation savings contributions and instalment warrants

Author(s):  Joan ROBERTS

Materials from this session:

Aspects of estate planning for tax practitioners

Author(s):  Peter WORRALL

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse

 

 

About us

Contact us

State Office Contacts

Connect

About Us | Contact Us | Help | Privacy, Copyright and Disclaimer | Conditions of Use | Sitemap | Social Media

© 1996-2017 The Tax Institute (ABN 45 008 392 372 (PRV14016)) All rights reserved.The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.