turnaround

Struggling to pay debts and at risk of insolvent trading?

COVID-19 hit small businesses hard, with forced closures and dwindling profits a reality for many. To relieve the pressure, the ATO hit the pause button on tax debt. The government also introduced temporary protection from insolvent trading and several fiscal support measures.

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Topics: Voluntary Administration, Business Debt, turnaround, insolvent trading, corporations act, insolvent trading penalties, what is insolvent trading

Step-by-Step Guide to the New Small Business Restructuring Process

For many SMEs, the financial fallout of COVID-19 continues, with ATO and other debt still causing sleepless nights. However, new significant insolvency reforms to support small businesses, deliver further hope that surviving and thriving is possible.

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Topics: Turnaround & Restructuring, Business Debt, turnaround, insolvency reforms, business restructuring, small business restructuring, restructuring process, insolvency advice, business support COVID-19, debt

Benefits of the New Small Business Restructuring Process (& How to Prepare)

Are you or a client still struggling with ATO and other debt accrued during COVID-19? If so, the good news is extended help is here.

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Topics: Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, Advice For Accountants, turnaround, 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

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