Climb Business

20/08/2022

https://climbbusiness.com.au/take-back-control-how-to-pay-tax-debt/

Tax debt can be frightening and cause uncertainty and distress but it is solvable. I can help.

Find options on negotiating relief from tax debt and maximise protection of your personal assets and find peace of mind.

15/08/2022

Resilience in your business - quick read for you, your team and your business.

Personal strength and resilience can give you that competitive edge. Take back control with the rule of threes.

22/03/2022

Nope -the blower vac is the worst.

I was stunned at a recent lunch when a group of former alpha males confessed to their hatred of the humble whipper-snipper.

11/03/2022

A director can no longer enter into a payment arrangement to avoid personal liability for tax debts that are the subject of a Non-Lockdown Director Penalty Notice.

Important change - Good article Scott Butler from Hall & Wilcox.

While the ATO put most overdue tax collection on hold during the COVID-19 pandemic, it has now recommenced some collection activity, including the issuing of Director Penalty Notices.

07/03/2022

Yes the Tax Office is coming.

https://climbbusiness.com.au/how-the-ato-will-refocus-on-debt-recovery/

In late 2021, the ATO warned that debt recovery actions would recommence in a “tailored approach”. Read insights and tips to improve outcomes.

24/02/2022

Zombie is a term used to describe a company so debt laden that it can only afford to pay interest on that debt. The Zombie might tick along but not with any real prospect of paying that debt.

The pandemic induced Government support has created an underbelly of Zombies which will not grow or pay debt down and be a risk to the ongoing viability of others. Unfortunately, they can be very difficult to identify.

As the article discussed, the danger lies in the wider ripple effect when a Zombie collapses on its trading suppliers and clients.

Zombie business — a term used to describe any company so debt laden it can only afford to pay interest on its loans.

23/02/2022

Seems hard to imagine interest rates going up if wages are not keeping pace with inflation.

Annual wages grew to their highest level since mid-2019 last year, but at 2.3 per cent it was still way behind the rate of inflation.

21/02/2022

5 Steps for stability for growth in your business.

https://climbbusiness.com.au/5-tips-to-future-proof-your-business-growth/

07/02/2022

There appears to be a feeling around where business seems positive, prospects feel okay, you have a good asset position, cashflow is okay but there is uncertainty and, with a few legacy debt issues from COVID, you have some discomfort and just don't feel confident.

There are things you can do to get staightened out for the future in your business. A friendly chat about options, protecting your personal assets, removing obstacles in the business to achieve some flow, wouldn't that be good?



No cost, no obligation chat. Feel free.

Stuart. 0428 882 918. [email protected]

02/02/2022

This article from InQueensland highlights the distressed scenario facing the small business world.....

A positive future looms just ahead and a sound business model exists to operate in - legacy issues from COVID threatens short term survival.

This is where we can help.

Sometimes, all the "Hoptimism" in the world isn't enough to keep a great idea alive, writes Rebecca Levingston

31/01/2022

Busienss is crying out for good governance from the Federal Government - not handouts per se.

Inflation, interest rate hikes, economic slowdown - critical labur shortage, cost price increases, lack of RAT's .......the severe lack of foresight and planning and little apparent planning forward from the Federal Government is staggering.

While the government continues to throw a few dollars here and there, business is grinding to a halt. The current stage of the pandemic has caused a 'shadow lockdown'.