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Managing Christmas Cashflow

26th November, 2021

Whilst Christmas and the Christmas – New Year holiday period is often associated with joy, it can also be a time of great stress for some business operators.

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Small Businesses Beware - Keeping an eye on your levels of debt to the ATO

20th November, 2020

A recent report highlighted that unpaid ATO debt is soaring and that if companies want to avail themselves of the Safe Harbour and Small Business Restructuring provisions, they need to keep their tax arrangements with the ATO in order (i.e. payment plans in place and Super being paid). The ATO’s book debt has grown to $45 billion and $15 billion of the total debt is due from small business.

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Small business restructuring is coming and it's good news for small business

9th October, 2020

Small business restructuring is coming and it's good news for small business. This week Treasury released draft legislation for public comment that describes a small business restructuring procedure. The draft legislation can be found at If passed by Parliament, the restructuring procedure will come into force on 1 January 2021. The intent of the legislation is to allow directors to remain in control of their company’s business whilst they put a deal to unsecured creditors to compromise company debts to enable a return to solvency.

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