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In case you missed it – The company tax Bill that did pass Parliament.
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Articles
Impending GST changes good news for SMEs
SMSF related-party borrowing arrangements
Primary Producer Income Tax Averaging
Active vs passive assets and the small business CGT concession
ATO issues further taxpayer alerts on key focus areas
Borrowed money to pay a business tax debt? Is the interest deductible?
Online Selling
The dangers of income splitting
Clients failing on depreciation front - property investment
Home office deductions: What substantiation will the ATO accept?
ATO advises accountants on client data swoop
ATO issues stern reminder on new backpacker tax
Debt Recovery
Government takes next step in tax cheats crackdown
Car salary packages and the deductibility of after-tax running costs
Choosing an Executor
ATO fires warning shots at cash economy exploiters
Getting a tax valuation from the ATO
5 tips to get home office deductions right
Debt Recovery

 

All is not lost if you have a judgement against a debtor, but you know they have no assets.



       


 


If the debtor has employment, you can order the employer to pay.  An Attachment of Earnings Order instructs the employer to deduct installments from the salary and redirect to the debtor.


As expected, there will be limitations but the Court can order that 20% of wages be re-directed to the creditor.


So it is not necessary to abandon debt recovery action whenever you think the debtor has no assets.


 


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8th-February-2017
 

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