What happens if your business can’t survive?
If your business is unable to survive, there are several potential outcomes and steps you might need to take. The specific path depends on numerous factors, including the severity of your business’s financial difficulties, the legal structure of your business, and your long-term goals.
What is a business turnaround?
A business turnaround is the first step in getting your business back on track. The turnaround process involves focusing on cash flow, profitability and viability.
Blue letter from the ATO
Getting a blue notice is a reminder from the ATO, don’t ignore them as if you are running late they are there to help you get back on track.
Our guide for improving your business
Our guide to business covers the basics and gives you a roadmap to things to consider. It’s not a complete list but something to think about.
Arranging a payment arrangement
Payment arrangements now require more input than in the past as the ATO is looking closely at viability and affordability
Green letter from the ATO
A green letter from the ATO is generally an information notification but don’t ignore the content as there may be things to improve your business.
What is business viability?
Understanding your viability is critical for not just survival but ensuring that your business is able to continue in the short term.
The restructure process
A restructure is customed to your business, it runs through a map to get the best possible outcome. The restructure is to improve your business and achieve viability.
Orange Letter from the ATO
Getting an orange notice is an indicator that it’s time to review your tax situation, don’t let them turn red. Reach out to understand your options.
What’s a Restructure?
A restructure is a shift in your business, usually to resolve a problem but more importantly to help things get better.