Our Comprehensive Guide to ATO Tax Debts

Our Comprehensive Guide to ATO Tax Debts

Jul 1, 2024

The Australian Tax Office (ATO) is a company’s most powerful creditor. While tax debts are technically ‘unsecured,’ the legislative power of the ATO means it has the ability to recover outstanding debts ahead of other creditors. Company tax debts can be very large in...
Understanding the Difference Between Good Debt Vs Bad Debt

Understanding the Difference Between Good Debt Vs Bad Debt

Mar 20, 2024

Growing a business requires capital. There are plenty of ways you can source capital, but taking on debt is one of the simplest and most effective solutions. While we’re often taught to think of debt negatively, debt isn’t inherently a bad thing. In fact, many...
Director Personal Liability for Company Debts

Director Personal Liability for Company Debts

Mar 7, 2024

Acting as the director of a company is a serious responsibility. You have a duty to act in the best interests of the company and its shareholders, but this isn’t always simple. When things go wrong, directors may be held personally liable for certain types of company...
The Advantages of Debt Financing for Your Business

The Advantages of Debt Financing for Your Business

Jan 29, 2024

There are many ways to grow a business, and almost all of them require you to spend money. Raising capital as a business owner is a balancing act. While there are several ways you can raise the money you need, debt and equity financing are the two most common options....
Declaring Bankruptcy Pros and Cons

Declaring Bankruptcy Pros and Cons

Aug 7, 2023

Australia’s insolvency regulations are designed to make it easier to manage your financial difficulties. If you’re struggling to repay your debts, there are a number of options available that can help you find relief from creditors. Among those options is bankruptcy....