Payroll tax considerations for restructuring and insolvency professionals

WHO SHOULD READ THIS

  • Restructuring and insolvency professionals.

THINGS YOU NEED TO KNOW

  • Understanding liabilities from a payroll tax perspective can be complex, particularly due to the broad nature of the grouping provisions.
  • Unless care is taken situations may arise where restructuring and insolvency professionals will be grouped with client entities, potentially exposing personal entities to joint and several liability for client entity debts.

WHAT YOU NEED TO DO

Filed under:
Australia, Employee Benefits & Pensions, Insolvency & Restructuring, Tax, McCullough Robertson, Payroll tax
Location:
Australia
Firm:
McCullough Robertson
Financial services legislative and regulatory update - December 19, 2011

Leading the Past Week

Filed under:
USA, Banking, Capital Markets, Derivatives, Insolvency & Restructuring, Insurance, Public, Tax, White Collar Crime, Mintz, Holding company, Payroll tax, Commodity Futures Trading Commission (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA)
Location:
USA
Firm:
Mintz