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BOE, PN or A4V?
Posted by Buz on January 6, 2023 at 1:20 pmTo discharge an existing tax liability, which is best in your opinion: bill of exchange, promissory note or A4V?
Thanks
morag-janet-of-the-hill-family replied 2 years, 4 months ago 3 Members · 3 Replies -
3 Replies
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Here’s some more information that might help you decide
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Hi Morag,
I have some questions regarding partnership and GST. I’ve sorted the private income tax for myself but still sorting my husband. We have a partnership that hasn’t operated for a few years. I have overdue returns, but lodged them last year with apology and asked for forgiveness.
We apparently have an outstanding ATO debt for our defunct partnership which I paid by A4V last year. Is that mixing public and private? I believe as part of a partnership between a living man and woman that I should be able to discharge the debt. I have submitted my affidavit and they credited my account, but withdrew funds for the ‘Integrated Client’. I’ve sent another letter requiring payment refunded as I never consented to my funds being stolen for linked accounts.
They sent a Penalty for Failure to Lodge statement now, which I am writing a letter thanking them for the offer to contract, but we must have missed the memo to attend the court hearing where the ‘penalty’ was determined. Is there evidence the ATO is a court?
I’ll be sending an invoice with it for withheld income tax and another invoice for unpaid wages and benefits as an unwitting, unpaid tax collector/agent as a payroll officer in our small business over 10 years.
See what happens?
Any advice welcome.
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