Business tax debt can have a disastrous impact on your business’s cash flow and operating activities. The good news is that there are convenient and flexible solutions that can offer you tax debt regardless of your organisations current financial status. A business tax debt loan can help you pay your debt and immediately get back on track. Ultimately a business tax debt loan will allow you to stay on top of your budget and help increase your profits.
The ATO and Business Tax Debt
As of July 1, 2017, the Australian Government announced a change to the way in which the ATO can disclose tax-related information to credit reporting bureaus. Under the new legislation, the ATO can disclose tax debt information of businesses to registered credit reporting bureaus. The overall goal of this legislation change is to reduce the unfair advantage gained by businesses that do not pay their tax on time. The new legislation promotes better management of your tax debt.
Unfortunately, if you are still struggling with your business tax debt you will need to take control and get it sorted.
Common reasons that your organisation is facing past due taxes
- Lack of knowledge
- Incorrect tax filing procedures
- Bad accounting advice
- Late repayments due to low cash flow
- Delayed payment of PAYG
Managing a business can be stressful. Fortunately, you are not the only business out there and many people are in the same boat. Thousands of Australian businesses are facing similar issues with their tax.
ALC Commercial is here to help you get back on track
Tax debt may seem like an intimidating and often exhausting journey. If your organisation is struggling with tax debt, don’t go it alone. Partner with a financial expert with an extensive network of private funding options available. ALC Commercial can help you find relief from your outstanding tax debt and help save you money.
Real-world business loans
ALC Commercial offers real business loan solutions. We don’t recommend just any solution. It is important for us to get to know you, and your business. Our business finance experts can help create a plan of attack for your taxes, reduce your penalties and help you pay off your taxes with a flexible tax debt business loans.
We are not a bank
ALC Commercial is an alternative bank lender
As a bank alternative lender, ALC Commercial provide real solutions that don’t have the same strict criteria as the traditional banks. We can offer you tailor-made solutions that help your business get out of tax debt. Through our business tax debt loans, we could provide the funds you need to pay off your tax bill and avoid public action. More importantly, we help you get the ball rolling again.
Have you been denied funding in the past?
If so don’t worry, we may be able to help you even if you have been previously denied a loan. Our service can help regardless of cash flow problems, limited cash reserves or credit issues.