Have you got clients facing challenges with tax debt?
In the past, many businesses in Australia have relied on the ATO (the Australian Taxation Office) as an unofficial "overdraft" facility, delaying tax payments or using the funds collected for taxes to cover short-term cash flow issues. While this may have been an option for businesses in years gone by, this practice is increasingly problematic, and there are far too many risks involved to consider it a viable option today. From stricter enforcement to mounting interest and penalties, relying on the ATO as a source of short-term liquidity is no longer something business owners should be doing without careful consideration.
Today, more than ever it makes sense to seek a more traditional form of debt, providing a more certain outcome for you and your clients business;
-
More lenders are available now, willing to work with clients for better results.
-
With more funders comes more competivesness, it’s a buyers market.
-
Its not just about your family home as security anymore, there are other ways.
-
If passed as law GIC & SIC will no longer be tax deductible
-
If your client is holding a DPN with 21 days to act, funders will move fast
-
Don’t wait till the ATO places barriers which get harder to work around. Find a solution now!
How can MoneyBee assist:
At MoneyBee, we specialise in providing tailored financial solutions to help your clients manage and restructure their tax debts effectively:
-
Schedule a meeting with us to discuss specific client cases and explore customised strategies to mitigate the impact of non-deductible interest charges.
-
We offer a range of financing solutions designed to address immediate needs and support long-term growth, ensuring your clients have access to the necessary resources.
-
By partnering with MoneyBee, you can enhance the value you provide to your clients, offering them comprehensive support in navigating these changes.
