Is the Tax Office knocking at your door?
The Australian Tax Office is ramping up their debt recovery program, with small businesses in particular coming under the magnifying glass. At present there are 120 new Director Penalty Notice’s (DPNs) being issued each day and intent-to-disclose notices on the increase for businesses with over $100,000 in debt.
It is evident that the commercial finance space is shifting in response. The team at Secured Lending are seeing a rise in distressed business owners seeking urgent finance to resolve outstanding debts, prior to further action taking course.
Our short-term loans are designed to provide immediate relief in circumstances where funding is not immediately available from traditional sources of finance. By providing our clients with some breathing space and financial support, we allow them time to review, reassess, and put strategies in motion to further their business.
Keen to know more, check out how we have helped clients deal with Tax Debt.
- Consequences of Unpaid Tax Debt: Protect Your Business, Act Now!
- Take action on Tax Debt
- Credit Score Impact
- Director Penalty Notice