DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks

Written By Taylor Bartley

This month we focus on key developments and practical guidance for business owners, property holders, and SMSF trustees navigating complex tax obligations.

We begin with a deep dive into Director Penalty Notices (DPNs), highlighting the Tax Ombudsman’s review in response to a 136% surge in notices and the personal risks directors face if company taxes go unpaid. We also examine the ATO’s draft ruling on inherited homes, exploring how changes to main residence exemptions could affect family estates and estate planning strategies.

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Taylor Bartley
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ATO’s sharpened compliance focus across property, business incentives and emerging technologies.