Posts Tagged ‘debt recovery services’

How to Manage a Director Penalty Notice from the Australian Taxation Office

If you’ve received a director penalty notice from the ATO, you need to know why the notice has been issued, and exactly what you can do about it. Many company directors react negatively to this notice, and don’t quite understand the issues involved. This is strictly a taxation issue, and there are multiple possibilities for both representation and dealing with the problems.

The basics of a director penalty notice

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Five Ways to Avoid Personal Debt

To avoid personal debt resist impulse buys, avoid using your credit card and keep up with repayments, write up a budget and shop around for better deals.

It is extremely important to learn to manage your finances and stay out of debt. Personal debt can become a serious issue and many people find that they are unable to do things like make mortgage repayments, pay their rent, service loans and keep up with credit card repayments. Some people even struggle to pay household bills and do their weekly food shop. To avoid a visit from a Debt Collection Agency you need to keep on top of your finances and avoid personal debt.

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