We’re seeing more small business owners misled by unqualified online advisers charging thousands without explaining these risks. Only a person registered with ASIC as a ‘registered liquidator’ can act as a restructuring practitioner of a company or for a restructuring plan.

It’s important to stay alert to signs that your client could be in financial distress. Early recognition allows for proactive measures that can potentially steer the business back on track.

Small Business Restructuring (SBR) is designed to give viable businesses a second chance, but the ATO is adopting a stricter stance on what it will support.

 We’ve already completed multiple successful SBR outcomes this month, thanks to a rigorous, collaborative approach that aligns with what regulators now expect.

Receiving ATO notices can lead to legal action, requiring action for business protection. In our article, we address Director Penalty Notices (DPNs), Garnishee Notices, and Statutory Demands.