An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax and money owed to small mum-and-dad businesses has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO).
Key points:
- ASIC and the ATO investigating pre-insolvency ‘business advisors’
- Advisers help failing companies escape their debt responsibilities
- ASIC and the ATO have struggled to successfully prosecute rogue advisers
The six-month investigation has uncovered three central figures in the “pre-insolvency” field, who a…
Read the full article at: http://www.abc.net.au/news/2017-04-12/pre-insolvency-business-advisors-being-investigated-by-asic-ato/8438562
