Statutory Restructure vs Liquidation: Which is right for you?

Statutory Restructure vs Liquidation: Which is right for you? When a business is in financial difficulty, most directors assume there are only two outcomes: somehow keep going, or shut the doors. In reality, there is a formal, regulated pathway that many directors...
Safe Harbour Provisions Financial Advice and Criteria

Safe Harbour Provisions Financial Advice and Criteria

Although Business Safe Harbour can offer companies like yours a way out of financial distress, it isn’t suitable for every circumstance. If you’re a director and you suspect your company is heading toward insolvent trading, Safe Harbour may be a suitable road to...
How to Save a Struggling Business – Five Practical Steps

How to Save a Struggling Business – Five Practical Steps

Running a business in Australia is more difficult than ever—in 2023, ABC revealed that business failure rates have reached a 15-year high (15% of Australian businesses failed in 12 months). Many SMEs now struggle to succeed in fiercely competitive modern markets. When...
ATO Payment Arrangements

ATO Payment Arrangements

In the challenging world of corporate insolvency, directors often face mounting tax obligations that can significantly impact the business’s financial health. For Australian companies experiencing cash flow difficulties, negotiating a payment arrangement with...