What to Do If Your Company Can’t Pay Its Debts

What to Do If Your Company Can’t Pay Its Debts

Jun 26, 2025

What to Do If Your Company Can’t Pay Its Debts 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 financial distress...
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...
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...