Bankruptcy releases you from most unsecured debts. The release actually occurs when you are discharged from bankruptcy, that is at the end of your bankruptcy, which is usually after three years and one day....
In early 2026 the Taxation Ombudsman released a review into the ATO’s decision making process in relation to the remission of General Interest Charge (GIC) to taxpayers....
The Australian Tax Office (ATO) has broad powers to stop individuals from leaving Australia using Departure Prohibition Orders (DPOs). These orders are a strong enforcement tool used to compel payment of outstanding tax debts or force engagement with the ATO....
The most common options for individuals to deal with tax debts are: Pay the debts in full, Bankruptcy, A Personal Insolvency Agreement (PIA)...
The most common options for companies to deal with tax debts are: Pay the debts in full, Small Business Restructuring (SBR), Liquidation...
For individuals struggling with unmanageable debts to the Australian Taxation Office (ATO) personal bankruptcy is an option to enable the individual to obtain a release from those debts and make a fresh financial start in life....
Small Business Restructuring (SBR) is a method for companies to settle debts they owe to creditors, while allowing the directors to remain in control of the company. The Small Business Restructuring process was introduced in 2021 and can be used by a company to avoid liquidation so that the company can continue trading....
Personal debt can feel daunting and difficult to resolve. Depending on the type, value and number of personal debts you have, there may be various solutions which are open to you. ...
If you do not pay an employee's superannuation by the due date, you must lodge a superannuation guarantee charge (SGC) statement and pay the SGC to the ATO. The due date for paying superannuation is 28 days after the end of the quarter in which the superannuation was incurred....
Small Business Restructuring is a process by which an insolvent company can settle its debts. With the process mostly being used to settle ATO debts. This is an example of how we have used Small Business Restructuring to help a client in the restaurant industry....
If you are seeking relief from debts which you cannot pay, then you may consider filing for bankruptcy....
When a company is in financial difficulty, directors are often placed under immense pressure to keep the business afloat. However, it’s critical to understand that directors have legal duties that, if breached, can lead to serious personal consequences — including personal liability for company debts, legal claims being brought against them, disqualification from acting as a director, or prosecution....
Address
Level 10
127 Creek Street
Brisbane Qld 4000
Phone
Phone: 07 3221 0055
Fax: 07 3221 8885
Postal Address
GPO Box 691
Brisbane Qld 4001
Address
Level 15, Corporate Centre One
2 Corporate Court
Bundall Qld 4217
Phone
Phone: 07 5630 1179
Fax: 07 3221 8885
Address
WOTSO, 123 Margaret Street
Toowoomba City QLD 4350
Phone
Phone: 07 3221 0055
Fax: 07 3221 8885
