So how can you work out if your business is viable?

The ATO business viability assessment tool can help you get an indication of your business viability. Based on the information you enter this tool will provide you with a financial report summary and a visual summary of business performance indicators. This report may also help you to identify areas of your business to improve. 

The Business viability assessment tool is designed to provide an overview of your business' viability only. Any results generated should not be considered as conclusive or definitive in relation to your business' viability or solvency.

And if, as a result of using the tool, you have any concerns about your business viability, the next step is to seek professional advice.

To find the Business viability assessment tool go to the ato.gov.au webpage and enter its name in the search bar.