We have written about the then proposed small business restructuring scheme here. The new small business restructuring laws came into effect on 1st January this year. The scheme will be beneficial for companies with unmanageable tax debts. Tax debts cannot be compromised other than the reduction of interest and penalties imposed. Small business restructuring however, […]
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We have previously written about proposed new small business restructuring laws here and here. The laws came into effect from 1 January 2021. This is how they can help your business solve its debt (including tax debt) problems. Simplified Way to Settle a Company’s Debts The directors engage a registered liquidator to assist in preparing […]
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The current coronavirus pandemic has had a profound impact on businesses and employment across Australia. Understandably, with the unemployment rate at an all-time high and with business suffering huge declines in revenue, many may not be able to keep up with their financial obligations.
Read moreStruggling with Tax Debt?
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