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Blogs tagged with directors liability

Limitations on Directors Liability Assessments

When it comes to corporate taxes, directors have several tax responsibilities. In certain circumstances, directors may be held personally responsible for certain tax liabilities of those corporations they serve. This week, we focus specifically on directors liability and the limitations with regard to assessments. What constitutes a director? According to…

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Back to Basics: A Primer on Director’s Liability

If you are the director of a corporation, your days are likely filled with a variety of tasks, many of which differ with the day, and sometimes the responsibilities can seem endless. Usually these responsibilities are what keep a corporation running smoothly – but what about when they actually have…

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In The Know: What is Directors’ Liability?

  There are a lot of questions regarding directors’ liability for tax obligations. Directors’ liability is the duties and responsibilities that a director of an organization is responsible for. In an organization, the directors are elected by voting shareholders to manage or supervise the business and the affairs of the…

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Directors’ Liability Tax Assessment

Directors of a corporation can personally be held liable for the corporation’s failure to withhold and remit taxes from certain payments, including payments of salary and dividends, interest and rental payments to non-residents. In the case of failure to withhold, the directors may be liable to pay the amount that…

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