Small Business Restructuring Specialists

11/09/2024

FOR SALE - Established wine, liquor and champagne wholesale business.

Due to administration, liquidator of the Company is seeking expressions of interest in relation to the sale of assets owned and associated with the Company.

SUBMISSIONS END FRIDAY 13TH SEPTEMBER

For further details and to express your interest visit the link below.

https://www.seekbusiness.com.au/business-listing/opportunity-for-an-established-wine-wholesale-retail-business/720227

27/10/2023

ATO focuses in on SMB debt as collectable debt almost doubles since 2019.

"The ATO says addressing collectable debt, improving small business tax performance and strengthening superannuation guarantee (SG) will be important focus areas in its strategy for the remainder of FY24.
In its annual report for 2022–23, the Tax Office said small business collectable debt reached $50.2 billion at 30 June 2023, an 89 per cent increase from 30 June 2019.

“It’s our responsibility to ensure a level playing field as we support businesses who are doing the right thing and paying on time,” Commissioner of Taxation Chris Jordan stated in the report."

Addressing collectable debt and improving small business tax performance continue to be critical focus areas, the ATO warns in its annual report. The ATO says addressing collectable debt, improving

23/10/2023

It isn't just businesses in the ATO's sights. Individuals who are yet to lodge their returns have one week to submit them or face up to $1,565 in fines.

One thing is clear as we approach the end of 2023, and that is the ATO are putting away the carrot and employing the stick in more and more cases to try and recoup tax debt from Australian businesses and individuals.

And the one resounding message from the ATO is that their compassion and understanding is becoming conditional on punctual lodegement.

Time is running out for Aussies to lodge their tax returns for the 2022-23 financial year. Here’s what you need to know.

11/10/2023

JOIN US FOR NSW SMALL BUSINESS MONTH AS WE TALK ALL THINGS RESTRUCTURING AT OUR WEBINAR.

When: 1PM WEDNESDAY 18TH OCTOBER

This is a great opportunity for accountants to hear about the struggles of, and from small business owners, learn about overcoming insolvency with Small Business Restructuring, and also earn a CPD point for attending.

Register now at https://smallbusinessrestructuring.com.au/nsw-small-business-month-webinar_accountants/

03/10/2023

As restructuring really gains momentum we are speaking to to more and more businesses from all over the country. Some are referred to us through their accountants, some come to us direct, many through referral from one of our successful restructure clients.

One thing we are asked almost daily is "how do restructures work?" or "what happens during a restructure?". Whilst all restructures are different, in this video principal practitioner Thomas Dawson gives a brief summary of the process.

To find out more details and see if a restructure might be suitable for your business contact our team today.

25/09/2023

A lot of our clients come to us through their accountants as they are unable to perform restructures themselves. Here Thomas Dawson discusses why your accountant might not offer restructuring as an in-house service.

14/09/2023

Another Successful Restructure.

Many industries were impacted by the lockdowns and capacity restrictions over the pandemic, but perhaps none more so the festivals and large event organisers.

This well known organiser who are behind some of the country's biggest festivals saw their ability to trade at all almost completely obliterated and had nowhere to pivot to.

Even with such household names under their umbrella we were able to confirm eligibility for ‘Small Business Restructuring’ and worked with all creditors and negotiated a 77% debt reduction, and a 2 month structured payment plan that saw no instalment due until cashflow resumed with new event ticket sales.

With live music and events back in full swing they are looking forward to bringing joy back to tens of thousands of festival goers across the country.

If you want to start looking at how easy it could be to get a restructure started for your business, take our 1 minute eligibility survey at https://smallbusinessrestructuring.com.au/small-business-restructuring-local-lp/ or contact us today.

11/09/2023

SBRS Principal Thomas Dawson talks about the ease of restructuring for business owners.

To find out more or to see if your business might be able to benefit from a restructure visit https://smallbusinessrestructuring.com.au/small-business-restructuring-local-lp/ .

11/09/2023

At last weeks Tax Summit, Deputy Commissioner Vivek Chaudhary gave some real insights into the direction of the ATO in relation to recouping monies owed, however urged struggling business owners to seek out and utilise schemes like small business restructuring.

Read his full address at the link below

The ATO does not provide advice to tax debtors on insolvency processes, however one option available to small businesses may be small business restructuring (SBR).

03/08/2023

SBRS Principal Thomas Dawson tells us about why he is so passionate about Small Business Restructuring.

01/08/2023

Thomas Dawson, SBRS Principal featuring in todays Daily Telegraph.

It is great to see the SBR scheme getting the coverage and publicity it deserves. The more business owners that know about it, the more we have the opportunity to help.

If you'd like to see whether a restructure might be suitable for your business take our 1 minute eligibility survey at https://smallbusinessrestructuring.com.au/small-business-restructuring-local-lp/ and in 7 weeks you could be back on track.

Small Business Restructuring Specialists can help your business get back on its feet through negotiating with your creditors & ATO, restructuring debts

25/07/2023

SBRS prinicpal Thomas Dawson spoke with The Beast recently about restructuring after a successful restructure carried out for a local Bondi business.

And flying the flag for Small Business Restructuring, the client was visited by Liberal MPs Mark Speakman and Sloane - Member for Vaucluse the weekend along representatives from and Bondi & Districts Chamber Of Commerce talk about how an SBR saved her business.

Just so amazing to see local press, local councils and business leaders talking about restructuring and the benefits to local businesses and communities.