Managing small business tax debt

Small business restructuring

This formal process allows an eligible company to restructure their debts by agreeing to a restructuring plan with creditors.

It’s only available to small, incorporated companies with non-complex debt. Sole traders and partnerships are not eligible.

The Australian Securities & Investments Commission (ASIC) website has more information on small business restructuring. You can find a link to their website in the Quick links.

Understanding tax debt

3 mins

What is tax debt?	0%
How does tax debt accumulate?	0%
What happens if I don’t pay?	0%
Impacts of debt	0%
Activity: GIC	0%
Activity: not paying on time	0%

Preventing tax debt

11 mins

Tips for preventing tax debt	0%
Understanding your tax obligations	0%
Lodging and paying on time	0%
Activity: optimism bias	0%
Managing cash flow	0%
Separating money for tax	0%
Pre-paying or voluntarily registering for PAYG instalments	0%
Keeping good records	0%
Using ATO online services	0%
Case study: preventing tax debt	0%

Managing existing tax debt

6 mins

Managing existing tax debt	0%
Activity: additional support	0%
Payment plans	0%
Remission of GIC and penalties	0%
Deferring payments	0%
Release from tax debt	0%
Small business restructuring	0%
Case study: managing tax debt	0%

Help and support

2 mins

Seeking help and support	0%

Related courses

1 mins

Related courses	0%

Course feedback

Course feedback	0%