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What is a Statutory Demand?

To help you understand what a statutory demand is and what the implications of receiving one are, we’ve answered all the questions for you.

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Topics: Tax Debt, Director Advice, Personal Debt

How Does a Winding Up Notice Affect Your Business?

Not paying your tax debts is more than a business faux pas. Worst case, your company can be wound up and taken out of your hands. Here's everything you need to know about wind up notices, as well as what you can do to prevent your business going under.

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Topics: Tax Debt, Director Advice, Business Debt

Why Clients Must Act Quickly if they Receive a Statutory Demand

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.

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Topics: Company Liquidation, Tax Debt, Business Debt, reduce business debt

3 Options to Consider if Your Business is Facing Financial Hardship

Is your business facing financial hardship? Are you having trouble paying suppliers, the bank, or even the ATO? We know it can be stressful, even downright scary, but adopting a head in the sand attitude won’t make things any better.

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Topics: Tax Debt, Director Advice, Business Debt

Tax Debt Can Impact Your Credit Rating

If you have a company tax debt, this could have a serious impact on the way you run your business.

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Topics: Tax Debt, Business Debt, Credit File