Phoenix activity is the scourge of small business. This question was sent to Kochie’s Business Builders from Simon via Facebook. It is one that has affected so many small businesses in Australia.
Kochie and a representative from the ATO explain what a phoenix business is and what to do to avoid them.
Phoenix activity has impacts on the business community, employees and contractors, the government and the environment. For more information, visit https://ato.gov.au/phoenix.
Report suspected phoenix activity by phone on 1800 060 062, by email at email@example.com, or online at https://www.ato.gov.au/Forms/Tax-evasion-reporting-form/