ABN cancelled, and the company deregistered per ASIC records. However, as per financials, the company has payroll / Super liability, GST, accounts receivable, and directors' loans. (total assets are over $1000) . The Company tax return for 2021 is still outstanding.
I believe that the ABN cancellation should be done as the final step, and as the company has assets and liabilities over $1000, they may not be able to go for a voluntary winding up.
The client doesn't have any information regarding the de-registration, and this is a company her former partner formed, making her a Director, and they are no longer together. The company was trading for a year, and now she wants to complete the shutdown of the business.
How should I handle this?
Can someone explain the correct procedure, please?
Thanks
1,168 views
1 replies