Adarsh Dutt

Common Mistakes on ATO Tax Debt that Every Australian Small Business Owner Should Avoid Imagine waking up to an unexpected notice from the ATO, reminding you of an overdue tax debt that you didn’t even realise had snowballed. Your stomach drops. You’re juggling invoices, payroll, and expenses, but now there’s a looming financial burden threatening

Charting Your Business Course: Setting SMART Goals for Success in 2025 with Oyster Hub The start of a new year is the perfect time to chart a course for your business’s success and set relevant goals. Setting clear, achievable goals is essential for navigating the year ahead and achieving sustainable growth. Whether it’s improving financial

Why Bookkeeping Could Be Costing You More Than You Think Late nights spent chasing unpaid invoices. Piles of crumpled receipts stuffed into the glovebox. The sinking feeling of realising tax time is around the corner—and your books are a mess. Sound familiar? As a tradie, you’re a master of your craft. Whether you’re on-site building,

The Financial Crossroads of a Business No business starts expecting to face financial distress, but factors like economic downturns, poor cash flow, or mounting debt can push a company to its breaking point. When this happens, business owners must decide whether to fight for recovery or close permanently. This is where voluntary administration comes into

Overseeing daily business operations presents many challenges, and financial distress can quickly escalate if not addressed in time. Many business owners struggle with the process of creating a business continuity plan that addresses all potential risks. Cash flow issues, mounting ATO debt, and the looming threat of insolvency can be mitigated with a solid communication

Managing a business comes with its fair share of challenges, and financial difficulties can escalate quickly. Many entrepreneurs find themselves caught in financial distress due to unaddressed tax returns, ATO debt, cash flow problems, and the risk of insolvency. Worse still, Director Penalty Notices (DPNs) can hold directors personally liable for unpaid tax obligations, putting their

Operating a business comes with a range of financial responsibilities, and one of the biggest risks directors face is personal liability for unpaid company debts. The Director Penalty Notice (DPN) is a legal tool used by the Australian Taxation Office (ATO) to hold directors personally accountable for specific tax liabilities and ensure personal liability for

How Business Owners Can Prevent Insolvent Trading and Protect Their Future  Insolvent trading poses significant risks to businesses and their directors. It not only threatens financial stability but can also lead to severe legal consequences. Under Section 588G of the Corporations Act, a director of a company has a duty to prevent insolvent trading to

The Role of Rescue Tax Due Diligence for Financial Recovery Managing a business comes with financial challenges, and tax debt can quickly spiral out of control. Many Australian business owners face mounting Director Penalty Notices (DPNs), which can lead to cash flow struggles, insolvency risks, and personal liability for unpaid company taxes if tax liabilities