VA regime makes for successful negotiation with ATO.
In a small warehouse in a northern suburb of Brisbane, a
family-run embroidery business is churning through hundreds of
orders, daily, for wholesalers, local sporting clubs, and schools.
The heat is on as staff and machines are working overtime to meet
pre-Christmas orders with jerseys, uniforms, volunteer shirts being
shuffled through what look like ancient and yet sophisticated
embroidery machines and packed into boxes by the dozen. Passer-bys
would not be wrong to assume this business is thriving.
However, upstairs tells a different story. The director has just
received a chilling call from the company's solicitor about its
tax debt. The Australian Taxation Office (ATO) has refused a
last-ditch payment arrangement and is continuing with its
application to wind up the company. That's a bit of an issue. A
$250,000 issue, in fact. We are called in immediately to assess the
position.
