ATO cracks down using new director penalty laws

Company directors must lodge their tax returns even if they can't pay them, an expert is warning as evidence suggests the ATO is beginning to crack down on directors under new personal liability laws.

The new laws, effective since June, make directors personally liable for tax debts and unpaid superannuation guarantee amounts, if they remain unreported.

Small businesses need to ensure they're lodging their returns as soon as possible in order to rid themselves of any possibility they could be pinned with personal liability.

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