Australian Mercantile Collections

Businesses look to restructuring for ATO debt solution

Businesses look to restructuring for ATO debt solution

South Australian small businesses are facing a choice between calling in the liquidators or bringing in restructuring firms to go on payment plans amid mounting tax debts owed to the Australian Tax Office (ATO).

At an information night held three weeks ago by licensed small business restructuring (SMB) firm Small Business Restructuring, five clients representing about 12 businesses approached practitioner Thomas Dawson for advice on dealing with mounting materials costs and increased ATO debt…

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