Insolvency warning signs. What are the warning signs of insolvency that I need to be aware of with my clients? It may seem obvious to say, that if a client cannot pay their debts when they fall due, they are experiencing financial distress. However, there are...
Tax Debt Implications on Businesses What are the consequences for a business if they have tax debt? In 2020-21 the Australian Tax Office’s (ATO) net tax collections were $451.4 billion, up by 11.5% from the previous year. Notably, $11.5 billion of this revenue...
What is a Debt Agreement? Debt Agreements When someone is facing mounting debts, one immediate assumption is that bankruptcy is the only option. However this is not always the case. In fact, we believe Bankruptcy should be the last solution. A Debt Agreement is an...
Small Business Restructuring Plan (SBRP) Small Business Restructuring Plan (SBRP) The Small Business Restructuring Plan (SBRP) was introduced by the Australian Federal Government in 2021 as an option for businesses facing financial stress. The purpose of the SBRP is...