The Australian Taxation Office

Surviving in the current economic conditions has been extremely difficult for many small to medium businesses, leaving them with a mounting taxt debt.

At Your Business Angels we take the time to analyse your tax situation and consider all your options in dealing with the debt and protecting your business and personal assets.

Your Business Angels have over 14 years experience in dealing and negotiating with the Australian Taxation Office.

At Your Business Angels we can strategise and explore ways of dealing with your small business tax debt so that your business can continue to trade, at the same time helping you deal with issues of impatient creditors, slow-paying debtors and any fundamental issues that affect your business.

A Directors Penalty Notice effectively makes you personally liable as a Director for the PAYG debt within 14 days of receipt of the notice.

With the issuance of a Directors Penalty Notice the Australian Taxation Office has determined that the business cannot pay the tax. The ATO then has the power to make the Directors personally responsible for PAYG debt.

If you have received a Directors Penalty Notice we strongly recommend that you contact Your Business Angels today. We will meet with you and create a strategy within 24 hours and advise you what you should consider doing now. This is a time for fast, decisive action.

If you are unsure about your relationship with the Australian Taxation Office and you have received any demands or documents that concern you, Your Business Angels can devise strategies to deal with your problems, along with analysing your business and its ability to deal with any current debt burden today.

Often this is simply a case of needing to complete and lodge returns combined with a strategy to deal with and negotiate any outstanding debt.

With Your Business Angels calculating when and how you will pay this debt and then negotiating a payment plan with the Australian Taxation Office, you can be confident that your lodgements will be made on time.

This will certainly affect your cash flow, and potentially be extremely embarrassing especially if you have a bank as a secured creditor of the business. Action to address the causes that led to the business deteriorating to this point is required now.

We strongly recommend that you contact Your Business Angels immediately. We will meet with you and create a strategy within 24 hours and advise you on what the options are for your business

Many of these businesses have changed the way they operate so that they are now profitable but have to contend with historical tax debt.

At Your Business Angels we take the time to analyse your small business tax debt situation and consider all your options in dealing with the debt while protecting your business and personal assets.

As a sole trader or in a partneship you do not have the protection of a company structure, leaving your personal assets exposed.

If you are a sole trader or in a partnership with a small business tax debt debt Your Business Angels is able to look at your debt and work out a way to protect your business in the future while taking action to protect your personal assets, especially your family home.

They are able to sell assets, make claims against debtors and investigate how competently the Director ran the company. This can be very traumatic for all stakeholders and demands action today to address the causes of this situation.

If you have a wind up order on your company, Your Business Angels can meet with you and create a strategy within 24 hours and advise you on a suitable course of action.

However, if you feel that you have a fundamental problem in your business and that meeting future small business tax debt payments is going to be difficult, then call Your Business Angels to arrange a free, no obligation meeting now.

The solution may be as simple as negotiating a payment strategy with the ATO or other creditors!