The last few years during COVID has seen some businesses struggle to maintain their obligations – wages/superannuation and tax debts.
Some clients moved onto commercial work, as there were less restrictions to work. Others did not work, or moved onto PAYG roles.
The Tax Office is now in the process of collecting overdue payments. While some arrangements can be tough, we do have some lenders who may be able to assist.
Paying out your tax debts is a specialist area, with certain lenders only able to offer the solutions. You may find paying out your tax debt in full, possibly being eligible for a discount (please speak to your accountant), so you can rebuild your business may help you financially.
If you would like to know more about your financial options, please call 0403 211 361 or email hello@georgefinancialservices.com.au
