The continuous lockdowns in a number of states in Australia is having a crippling effect on business. Many businesses won’t survive. But if you want to give your business the best chance of survival, we can help.
Issuing garnishee notices is one of the methods the ATO utilises to recover tax debts.
It is important to speak to a professional before a garnishee notice is issued by the ATO.
Numerous businesses have unmanageable debt and will have to make difficult decisions.
We at Cactus Consulting can advise you on the available options if your business is in financial difficulty and is finding it hard to keep up with costs and expenses.
The Queensland Government has extended its rent relief measures to 31 December 2020, but there are new provisions of the Regulations.
Our success story tells of a client we helped negotiate an ATO Payment Arrangement for, in order for them to avoid liquidation.
The Federal Government’s commercial rent relief provides for much needed cash to sustain SME businesses through the current disruption and beyond. For some however, the businesses will not survive even with the minimum relief provided by the Code.
Our client’s problem We were recently referred a property developer client who had two companies which were involved in a failed property development in northern New South Wales. The companies had limited assets and they owed several hundred thousand dollars to creditors.
Coronavirus has already had a devastating impact on businesses and it appears that the financial impact will be felt for years to come. If your business is in trouble it can be difficult to know where to turn or what to do. So, we have put together this list of tips for you to follow… Read more »