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How Tax Compliance Affects Small Business Restructuring (SBR) Proposals

How Tax Compliance Affects Small Business Restructuring (SBR) Proposals

One of the most critical elements the ATO considers when voting on an SBR: compliance history. He addresses the common fear among business owners that lodging taxes means immediate bills and why failing to lodge can completely sink a otherwise viable restructuring plan.

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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.

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