What Is Insolvent Trading and How Directors Avoid It
The letter from the ATO. The supplier who is now threatening court. The payroll run you are not certain you can cover next month. If any of this feels familiar, you may already be carrying more personal risk than you realise. Insolvent trading is one of the few areas of company law where the corporate […]
What Is a Statutory Demand & What to Do in 21 Days
The envelope looks ordinary. Inside is a document giving your company 21 days to pay a debt or face being wound up. If you have received a statutory demand, the clock has already started, and how you respond in the next three weeks will shape whether your business survives. A statutory demand is one of […]
What Is Voluntary Administration and How Does It Work?
If the ATO has issued a director penalty notice, a key supplier is threatening to wind up your company, or you are quietly funding wages from your own savings, you already know the pressure will not ease on its own. Voluntary administration is one of the formal options available to you, and understanding it early […]
What Is a Director Penalty Notice and How to Respond
For many Melbourne company directors, the first sign of real trouble is an envelope from the Australian Taxation Office. Inside is a director penalty notice, and with it a 21-day countdown that can turn a company tax debt into a personal one. If you have received one, or suspect one is on its way, the […]
Small Business Restructuring: Ask These Questions Before It’s Too Late
If you’re reading this at 11pm with a stack of unpaid invoices and a director penalty notice sitting in your inbox, you already know the feeling. The pressure isn’t abstract. It’s an ATO debt that keeps growing, a supplier threatening legal action, or a bank manager who’s stopped returning your calls. Here’s what most directors […]
SBR Eligibility Checklist: Liabilities, Tax and Entitlements
If your company is struggling with mounting debt and you are exploring a small business restructure, the first question you need to answer is straightforward: does your business actually qualify? The Small Business Restructuring (SBR) process offers eligible companies a streamlined pathway to negotiate debt compromises with creditors, including the ATO. But it comes with […]
Small Business Restructuring (SBR) Explained: How It Works + Timeline
If you are a company director dealing with mounting ATO debt, creditor pressure or a cash flow crisis that will not let up, you have likely heard the term SBR thrown around by your accountant, your lawyer or late at night in a Google search. Small business restructuring is one of the most significant changes […]
Small Business Debt Restructuring Plan for Creditors & ATO
If your company owes money to the ATO and you are wondering whether small business debt restructuring could help you keep the doors open, you are not alone. Thousands of Australian directors face the same pressure every year, and the numbers are climbing. The ATO is now actively pursuing more than $50 billion in outstanding […]
What Is a Restructuring Practitioner?
If you are a company director dealing with mounting ATO debt, creditor demands or a cash flow crisis, you have probably started searching for answers. One term that surfaces quickly is ‘restructuring practitioner’. But what does a restructuring practitioner actually do, how much do they charge, and do you lose control of your business the […]
Why Small Business Restructuring Plans Fail: 10 Mistakes
If you are a director carrying tax debt and looking for a way through, the small business restructuring process can feel like a lifeline. It lets you compromise company debts while you stay in control of your business. Yet a worrying number of plans never make it across the line. The reason is rarely bad […]