Blogs
That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Blog
Heads up – a tax debt can screw your credit rating
Ok, the ATO has been “softly, softly” in collecting tax debt. If you haven’t arranged to pay down debt or do something else (with Our Help), you can now be punished by having your credit rating blown – and that could affect you for years – Gavin Waring
“Everything has gone through the roof.”
You know we are a phone call away. What to discuss the business, want help with a budget –call your client coordinator, and they will tee up meetings with the right people in our Your Business Angels family.
Tactic can drive strategy – you must be aware of the little things – but don’t let personal culture ruin it
I can tell you this story as it occurred a long time ago but is as relevant today as when it occurred 20 years ago
Dollar got the blues
There may be adjustments that you should / could make now. Want to chat? Call your client coordinator and let us review your business, considering what may be ahead.
Throwing money at a tax debt isn’t a strategy; it’s just plain stupid. A tax debt says there is a problem here; get that fixed first
Our company has spent years negotiating with the ATO. If they hear a story to be reasonable and they think there is a plan in place – then they give time. (If they don’t phone back in and talk to a different case manager)
Borrowing money may not solve your problem.
Most businesses we work with find a way to solve problems than just borrowing money.
Bankruptcy needs to be seen as a tactic, not a strategy
Please read on, as there are lessons for bankruptcy, liquidation, and administration. We put a formal plan that may include one of the insolvency processes.