barefoot bowls

The RBC offers its social members a venue where you can meet, have a cuppa and make new friends. Many of our social activities offer you the opportunity to bring your family and friends along, have a meal at the club, purchase your drinks at reduced prices and above all have some fun.

Want to find out a little more about the Club then please visit our website www. ringwoodbowls.com.au

For more information about becoming a member then all we want you to do is send an email to our Club Secretary and in turn you will hear from our Club’s Membership Director.

Send your email including name, address and contact details to: clubsec@ringwoodbowls.com.au

The door is open for you to join the RBC.

By Adrian Hunter

The Australian Taxation Office (ATO) has over $66 billion in uncollected taxation revenue that has been accumulating over many years. Of this amount, the ATO believes $44.8 billion is collectable, with 65% owed by SME businesses. The collectable debt amount has grown by over $18 billion in the last three years.

In 2022 the ATO restarted its debt recovery activity and wrote to approximately 30,000 businesses and 52,000 directors with Director Penalty warning notices advising that they may be facing personal liability for the debts of their company. As of 30 June 2022, these warning notices achieved a recovery of $2.21 billion, with a further 13,000 taxpayers entering into repayment programs.

During 2022 almost 18,500 directors become personally liable for the tax debts of their companies via Director Penalty Notices (DPNs) being issued. The ATO also disclosed nearly 500 businesses to credit reporting agencies as part of its Disclosure of Business Tax Debt program.

We anticipate that during 2023 the ATO will take firmer action to recover tax debts leading to an increase in both DPNs being issued and company liquidations.

When dealing with the ATO, proactivity has always been the mantra recommended by Brooke Bird. Those taxpayers who actively engage with the ATO are more likely to be rewarded with additional time to resolve their tax debt issues than those businesses which adopt a "wait and see" approach or ignore the debt.