Receiving a formal warning from the ATO or facing mounting business debt can be one of the most stressful experiences a director will ever face. It can feel like the business you've worked so hard to build is at risk. You are not alone.
At Bellwether Accountants & Advisors, we are specialists in resolving these exact situations. We provide Australia’s business owners with decisive guidance, strategic restructuring, and expert ATO debt negotiation. Let us take the pressure off you, so you can breathe again.
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This is the number one concern for every director we speak to. In some situations, particularly with Director Penalty Notices, your personal assets can be at risk. Our immediate priority is to assess your situation and take urgent action to protect you from personal liability. The sooner we act, the more options are available.
It is a formal insolvency process introduced in 2021 that allows eligible small businesses with significant debt to work with a registered liquidator to develop a restructuring plan. If creditors vote in favour of the plan, it allows the business to continue trading while paying a compromised amount of its debts over time.
We understand that discretion is critical. Our initial consultations are completely confidential. While some formal processes like Voluntary Administration become public, our first goal is always to explore informal and private workout solutions, such as negotiating a payment plan with the ATO.
Do not ignore the situation. The most critical first step is to seek immediate, specialist advice. The options available to a director often become more limited once ATO deadlines pass. Acting quickly allows us to assess your position and communicate with the ATO from a position of control, often preventing the situation from escalating.
Not at all. The primary goal of a restructure is to save a viable business by making it more efficient and resilient. This might involve changing the company's structure to protect assets or streamlining operations. Winding up a company (liquidation) is a separate, formal process for closing a business that is no longer viable. We provide clear advice on all available options.
We understand this concern completely. Our initial consultation is confidential and comes with no obligation, allowing you to understand your options clearly. Think of our services as a critical investment to prevent a much larger financial loss, such as ATO penalties or personal liability for the company's debts. Our goal is to secure a financial outcome that far outweighs our professional fees.
SBR can be applied to other statutory agencies such as iCare, councils and Fair Entitlements Guarantee (FEG).
“I actually look forward to tax time because I get to work with the team at Bellwether. Everything is smooth and straightforward, no matter the refund outcome. They make sure nothing is missed and clearly explain what applies to my situation. I know I’m compliant and making the most of my deductions.”
“When we went through Small Business Restructuring, Bellwether not only guided us through the process but also got us in touch with recommended broker to help us secure finance to stabilise the business. They took care of the accounting work needed to make sure we were eligible and gave us the fresh start we desperately needed.”
“We set up an SMSF with Bellwether and they connected us with a great buyer’s agent for our first property purchase under our fund. It’s reassuring knowing we have a whole network of trusted professionals around us thanks to their recommendation.”
