How Has the ATO Changed Its Approach to Small Business Restructuring?

How Has the ATO Changed Its Approach to Small Business Restructuring?

How the ATO has shifted its focus over the last 12 months when evaluating Small Business Restructuring (SBR) proposals.

Rather than just looking at the cents on the dollar being offered, the ATO is now heavily scrutinizing long-term business viability and requesting forward-looking cash flow forecasts to ensure businesses can truly sustain their proposed payment plans.

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Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.