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The business accrued a substantial ATO debt of $785,000, primarily due to unpaid invoices and delays in NDIS payments.
Gabrielle's business was registered as a for-profit entity, despite primarily providing community services and programs, leading to unnecessary tax burdens.
Providing services to clients without active NDIS & Aged Care plans led to high accounts receivable and aged debtors.
Provided guidance on setting up a board and advisory board, defining the mission and strategic direction for community service.
Provided guidance on setting up a board and advisory board, defining the mission and strategic direction for community service.
Provided guidance on setting up a board and advisory board, defining the mission and strategic direction for community service.
Provided guidance on setting up a board and advisory board, defining the mission and strategic direction for community service.
Successfully established a company limited by guarantee gaining ACNC registration with DGR status and a robust governance structure, including a board and advisory board.
Employees gained access to FBT exemptions and salary-sacrificing options, resulting in an average tax saving of $6,000 per employee.
Recovered payroll tax payments made in the previous two years amounting to approximately $197,000, significantly improving cash flow.
Engaged a pre-insolvency advisor to navigate new restructuring provisions and successfully negotiated a substantial reduction of the ATO debt from $785,000 to 15 cents on the dollar, significantly easing the financial pressure on the business.
Improved financial stability and operational efficiency, enabling the business to continue providing vital services to the community.
Director, Marshall Plumbing and Roofing
Oyster Tribe, led by CEO Sheena Olsen, overcame initial setup and strategic planning hurdles to establish vital community programs in Dubbo, NSW. Their success empowers Aboriginal self-determination and highlights the resilience of Indigenous-led initiatives.
Oyster Tribe, led by CEO Sheena Olsen, overcame initial setup and strategic planning hurdles to establish vital community programs in Dubbo, NSW. Their success empowers Aboriginal self-determination and highlights the resilience of Indigenous-led initiatives.
Jarred is self-employed and operates a computer repair and sales business. He previously defaulted on a $250,000 tax debt, for which he had a monthly payment plan of $10,500. To try and pay off the debt, he intended to sell his home and downsize. However, his house requires approximately $200,000 in renovations to reach its market value of $1050,000; currently, it’s valued at around $650,000 with an existing mortgage of $300,000.
