2 February 2018
Illegal phoenix activity is when a new company is created to continue the business of an existing company that has been deliberately liquidated to avoid paying its debts, including taxes, creditors and employee entitlements. You can avoid phoenix companies by knowing who you're dealing with.
To protect your business you could:
The Phoenix Taskforce provides a whole-of-government approach to support businesses who want to do the right thing and deal firmly with those who choose to engage in illegal phoenix behaviour.
Remember, registered tax agents and BAS agents can help you with tax and super advice.
Find out about:
Related news items
Make sure your nest egg is safe by avoiding illegal retirement schemes.
Registered tax and BAS agents can help your business thrive.
Cyber security essentials to help keep your business safe online.