Is your business struggling and are you considering members’ voluntary liquidation? Find out how any surplus cash flow boost will be treated for tax purposes.
Topics: Director Advice, Business Debt, turnaround, reduce business debt, business finance, common questions, business viability, small business finance, Insolvency, cash flow boost eligibility, ATO cash flow boost, NANE income, members voluntary liquidation
If your business is struggling with tax debt and the ATO hasn’t shown you debt forgiveness through an ATO payment arrangement, here are the options open to you.
Topics: Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, turnaround, reduce business debt, small business restructuring, business tax, business finance, common questions, small business finance, ATO payment plans
Need to raise quick working capital or refinance or your business? Your two options are debt financing or equity financing. Learn the pros and cons of each.
Topics: Director Advice, Turnaround & Restructuring, Business Debt, reduce business debt, small business restructuring, business finance, equity financing, small business finance, Insolvency, business funding, debt financing
Learn about the benefits of the new small business restructuring process, who can take advantage of it, and get ready to reduce debt
Topics: Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, Advice For Accountants, insolvency reforms, business restructuring, COVID ATO debt, COVID business recovery plan, restructure business, reduce business debt, small business restructuring, restructuring process, insolvency advice, business support COVID-19, debt
One way creditors can recovery money from a company is with a Statutory Demand. This demand, made under the Corporations Act 2001 gives the company's director 21 from days from the day it's received to pay a specified sum of money.
Topics: Company Liquidation, Tax Debt, Business Debt, reduce business debt