Voluntary Administration vs Liquidation
If your business is struggling to pay its debts, it can be hard to know what to do next. You may be dealing with creditor pressure, ATO debt, cash flow issues or the fear that the business may not survive. Voluntary administration and liquidation are both formal...
What Happens to Your ATO Debt in Small Business Restructuring
Many business owners reach out to us asking whether their tax obligations can be included in a small business restructure. General debt guides explain your options, but they don’t address the specific treatment of ATO debt within restructuring plans very well....
Safe Harbour for Small Business Directors — How It Works and When to Act
Safe Harbour for Small Business Directors — How It Works and When to Act Many directors assume that the moment insolvency looms, they must immediately appoint an administrator or face personal liability. That’s not true, and understanding why could be the...
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