Do you have a tax Debt?

Businesses are being forewarned that debt recovery will resume in the wake of COVID relief. How are you coping and are you able to keep trading?

In Australia the biggest trigger for Company Liquidations is the Australian Tax Office.

Wisdom will work with you to explore all your options and assist you in making the right decisions with regards to addressing your Tax Debts. The ATO is different to other Creditors because it has the right to demand payment and take money from you without having to prove the Debt. Some options may include negotiating a repayment plan with the ATO, refinancing existing Mortgages to pay out the Tax Debt or potentially restructuring your business so you can get a fresh start. The team at Wisdom will work with you, the Director, and our aim is to look at ways to protect your assets and preserve your wealth whilst achieving the best possible outcome for you and your Business.

How Wisdom can help:

Step 1: Talk to Someone
Get in touch with our team and we’ll arrange for a no-cost 1:1 consultation.

Step 2: Financial Assessment
Business health-check and design a strategy that best suits your situation.

Step 3: Pathway to Review
Review each options to get your debts under control.

Step 4: Your Options
Based on your pathway we will give you options to move forward.

Step 5: We’ll Do the Rest
Communicating with you every step of the way.

If you have tax debt please reach out to us to discuss your options. We are passionate and pride ourselves on our ability to help you resolve your tax debt so you can get you back to where you should be… in business! Wisdom can ease your stress levels, and help regain control of your finances—and your life.

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