Navigating Rising Tax Debt: Refinancing Options for Australian Small Businesses
Australian business insolvencies remain around 50% higher than historical levels
According to the latest data from Alares, and the pressure on small business owners shows little sign of easing. Winding up applications remain historically high, personal bankruptcies are rising, and the Australian Taxation Office (ATO) is stepping up its recovery activity through the courts.
One of the most telling figures is this: 36,000 ABNs are currently subject to ATO reporting for business tax debts above $100,000 that are more than 90 days overdue. For many small business owners, a tax debt of that size can feel insurmountable, particularly when the ATO begins formal recovery action.
What many business owners do not realise is that ATO debt can often be refinanced. Rather than facing court action or a payment arrangement that cripples cash flow, refinancing the debt into a business loan can provide breathing room, protect the business and give owners a genuine path forward.
If your business is carrying ATO debt, Direct Credit Home Loans has the experience and flexibility to help you explore refinancing options. Our team assesses every scenario on its merits and works quickly to find a solution. Contact us on (07) 3726 1124 or email [email protected] to have a confidential conversation about your options.
We specialise in helping self-employed borrowers.
Our experienced staff will assess your application on its merits, not according to rigid criteria. So if you’re credit-worthy, we’ll back you.
We love helping Australians buy property.
Call us on (07) 3726 1124 or email [email protected] to discuss your scenario directly with our credit team.