News
Which way is Up or Down?
Prolonged unprofitable trading and Government assistance have allowed statutory debt and unpaid superannuation to blow out, and the time is coming to address these problems.
Read moreManaging Christmas Cashflow
Whilst Christmas and the Christmas – New Year holiday period is often associated with joy, it can also be a time of great stress for some business operators.
Read moreStart the conversation – Small Business Restructuring
Small Business Restructuring has been available for Australian businesses since 1 January 2021 and in mid-February 2021 we are seeing a slow, but increasing, uptake in adopting the procedure.
Read moreSmall Business Restructuring Procedure Due to Commence on 1 January 2021
Legislation has now passed bringing into effect the Small Business Restructuring procedure due to commence on 1 January 2021.
Read moreSmall Businesses Beware - Keeping an eye on your levels of debt to the ATO
A recent report highlighted that unpaid ATO debt is soaring and that if companies want to avail themselves of the Safe Harbour and Small Business Restructuring provisions, they need to keep their tax arrangements with the ATO in order (i.e. payment plans in place and Super being paid). The ATO’s book debt has grown to $45 billion and $15 billion of the total debt is due from small business.
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