If your company has a tax debt, the ATO can issue a garnishee notice to various parties to collect that debt. This includes banks or someone who owes your company money. A garnishee notice requires the recipient to pay funds held for your company or owed to your company, to 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.
You can recover a debt (over $2000) owed to you by issuing the company with a statutory demand.
In this article we look at the options that are available to your company if it is unable to pay its debts at the end of the JobKeeper scheme.
In this article, we answer some of the frequently asked questions relating to the Federal Government’s simplified liquidation process, including the cost of carrying out the liquidation.
Our success story tells of a client we helped negotiate an ATO Payment Arrangement for, in order for them to avoid liquidation.
Many businesses sign multi-year commercial leases and then struggle to meet their lease obligations. In these circumstances, we can help you.
Is your business in trouble? Don’t leave it too late to do anything – taking the steps towards business rescue now can prevent liquidation or bankruptcy.
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…
