#EveryoneNeedsAPlan: Director Penalty Notice for Employee Entitlements
Posted by Dean McKinnon
on 23 February 2024
The ATO has the ability to make company directors personally liable for company debts including employee entitlements such as superannuation
- If your business is structured as a company and you are the director you will be personally liable for unpaid employee entitlements, including superannuation
- The ATO may issue a Director Penalty Notice (DPN) for unpaid employee entitlements and if you as a director of your company receive one, then you need to take immediate action
- This means if the employee entitlements, such as superannuation, are not paid by the company then the director's personal assets, including home, cash savings, etc., may be at risk
- If you have received a DPN and you need help contact us
Author:Dean McKinnon
Tags:Business PlanningTaxSuperannuationLegal |
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