Business Tax Debt Advice – Practical Tips for Small Businesses

Business Tax Debt Advice – Practical Tips for Small Businesses

Oct 31, 2024

Meeting tax obligations is one of your most important duties as a company director.  If you aren’t paying your tax liabilities when they’re due, the Australian Taxation Office is entitled to collect the debt in several ways. The ATO has the power to negotiate...
Take Control With a Debt Management Plan

Take Control With a Debt Management Plan

Oct 1, 2024

More than 5 million Australians have struggled to pay their debts at least once in the last 12 months. That’s an alarming number, but help is available. Australians have access to a range of debt management solutions. These include formal and informal options for...
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...