Director’s Guide to Company Tax Liabilities

The provided text from Expert Tax outlines crucial information for individuals becoming company directors in Australia. It specifically highlights the potential for personal liability for a company’s existing unpaid tax obligations, including PAYG withholding, GST, and Superannuation Guarantee Charge. New directors have a 30-day window from their appointment to ensure these debts are addressed, either through payment, administration, or liquidation, to avoid penalties. The text also details ongoing liabilities for tax periods commencing during their directorship and offers contact information and services provided by Expert Tax, including ASIC register maintenance and general tax assistance.