Tax Debt Solutions Analyser Tool

Welcome to the Australian Tax Debt Solutions analyser tool. This tool will walk you through several questions about your circumstances and provide you a rough list of options that you have to resolve your tax debt challenges.

Please note: We do not collect any personally identifiable information when you use this tool. This tool is provided ‘as is’ as general information only, and should not be used as a substitute for professional advice regarding your specific circumstances.

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Is it a Company or Personal tax debt? *
Can the debt be paid in full within 2 years? *
Have you received a Director Penalty Notice? *
Do you want to save the business? *
Do you need to avoid Bankruptcy (usually because you want to continue to be a Director) *
How much is owed to the ATO?
$
How much is owed to creditors other than the ATO?
$

Based on that information, your suggested solution is:

Small Business Restructuring

SBR was introduced in 2021 to assist small businesses in financial difficulty. SBR allows a small business to propose a Plan to its creditors to restructure its debts while the directors remain in control of the business.

Voluntary Administration

Voluntary Administration can be an excellent solution for a company in financial difficulty. VA provides a company with a one month breathing space to negotiate with creditors including the ATO to arrive at an agreement to save a business.

Liquidation

Sometimes it is best to liquidate a company and move on. Creditors Voluntary Liquidation (CVL) is process whereby an insolvent company is wound up.

Our team can provide you further information, advice, and assistance with a solution. Contact us using the form below to discuss a possible liquidation of your business.

Payment Arrangement

A Payment Arrangement is an agreement the ATO and a taxpayer agree to that allows the tax payer to “pay off” a tax debt in a series of installments.

Liquidation

Sometimes it is best to liquidate a company and move on. Simplified Liquidation was introduced in 2021 and is a streamlined version of the current more comprehensive Creditors Voluntary Liquidation (CVL) process.

Our team can provide you further information, advice, and assistance with a solution. Contact us using the form below to discuss a possible liquidation of your business.

Small Business Restructuring

SBR was introduced in 2021 to assist small businesses in financial difficulty. SBR allows a small business to propose a Plan to its creditors to restructure its debts while the directors remain in control of the business.

Voluntary Administration

Voluntary Administration can be an excellent solution for a company in financial difficulty. VA provides a company with a one month breathing space to negotiate with creditors including the ATO to arrive at an agreement to save a business.

Liquidation

Sometimes it is best to liquidate a company and move on. Simplified Liquidation was introduced in 2021 and is a streamlined version of the current more comprehensive Creditors Voluntary Liquidation (CVL) process.

Small Business Restructuring

SBR was introduced in 2021 to assist small businesses in financial difficulty. SBR allows a small business to propose a Plan to its creditors to restructure its debts while the directors remain in control of the business.

Voluntary Administration

Voluntary Administration can be an excellent solution for a company in financial difficulty. VA provides a company with a one month breathing space to negotiate with creditors including the ATO to arrive at an agreement to save a business.

Liquidation

Sometimes it is best to liquidate a company and move on. Simplified Liquidation was introduced in 2021 and is a streamlined version of the current more comprehensive Creditors Voluntary Liquidation (CVL) process.

Our team can provide you further information, advice, and assistance with a solution. Contact us using the form below to discuss a possible liquidation of your business.

Payment Arrangement

A Payment Arrangement is an agreement the ATO and a taxpayer agree to that allows the tax payer to “pay off” a tax debt in a series of installments.

Bankruptcy

Sometimes it is best to liquidate a company and move on. Simplified Liquidation was introduced in 2021 and is a streamlined version of the current more comprehensive Creditors Voluntary Liquidation (CVL) process.

Debt Agreement

A debt agreement is a legal agreement between you and your creditors, which can include the ATO. You negotiate to pay a percentage of your total debts that you can afford over a period of time.

Personal Insolvency Agreement

A PIA is a legally binding agreement between you and your creditors. A PIA can be a flexible way to come to an arrangement to settle debts without becoming bankrupt.

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