Becoming ill or disabled can reduce your income and make existing debt difficult to manage. Before making permanent financial decisions, check your sick leave, UIF benefits, credit life insurance, disability cover and other financial relief that may already be available.
Company tax debt does not automatically become the personal debt of a director. We explain when SARS may pursue personal liability, including negligence or fraud, PAYE not paid over, asset transfers, inter-company loans and circumstances involving abuse of the corporate structure.
