Has the ATO issued you with a Directors Penalty Notice?
We were approached by a client who had received a Directors Penalty Notice (DPN) from the Australian Tax Office and had only 21 days to repay the outstanding tax debt.
Many directors aren’t aware that the ATO has recently made changes to the options available whereby Directors who receive certain director penalty notices can no longer seek a payment arrangement with the ATO to avoid personal liability for company tax debts.
As all other options were off the table, Secured Lending stepped in and funded the Company secured against the Company’s commercial property and the Director’s investment property.
At Secured Lending, our short-term loans are designed to provide relief in circumstances where funding is not immediately available from traditional sources of finance, such as banks and other institutions.
Keen to know more, check out how we have helped clients deal with Tax Debt.
- Consequences of Unpaid Tax Debt: Protect Your Business, Act Now!
- Take action on Tax Debt
- Credit Score Impact
- Director Penalty Notice
Check out our Second Mortgage product if you require any more information, or alternatively, contact us at 1300 795 175 or email info@securedlending.com.au
