Next Steps After Receiving a Letter of Demand

Next Steps After Receiving a Letter of Demand

Jul 14, 2025

Next Steps After Receiving a Letter of Demand A letter of demand can get pricey if ignored, leading to court proceedings that can damage your personal and professional reputation. The Corporations Act 2001 states that companies who don’t address certain demands within...
An Australian’s Guide to Priority of Payments in Liquidation

An Australian’s Guide to Priority of Payments in Liquidation

Jun 26, 2025

An Australian’s Guide to Priority of Payments in Liquidation Realising your business can’t pay its bills can be stressful. Whether it’s unpaid suppliers, mounting tax obligations, or staff wages you’re struggling to meet, the pressure can feel relentless. But...
Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers

Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers

Apr 4, 2025

Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers The differences between secured and unsecured debt can significantly affect your borrowing power. These differences play a key role in your financial decision-making. With secured loans, you can borrow...
Can I Pay My Tax in Instalments

Can I Pay My Tax in Instalments

Mar 28, 2025

Can I Pay My Tax in Instalments If left unpaid, a $10,000 tax bill could cost you around $571 in interest after six months, based on the Australian Taxation Office’s (ATO) current interest rate of 11.42% per year. Thankfully, the ATO lets you set up flexible payment...
Our Guide to ATO Debt Forgiveness

Our Guide to ATO Debt Forgiveness

Nov 6, 2024

The Australian Taxation Office (ATO) is one of the country’s most powerful creditors. As a government organisation, the ATO also has powers that other creditors don’t. This can put you in an uncomfortable position if you or your company owes taxes. The good news is...