Behind with the ATO? Get a clear plan to move forward.
Financial problems are easier to tackle when you know what to do next.
ATO debt rarely happens in isolation.
You may also be juggling overdue super, bills you can't quite catch up with, expensive finance, inconsistent sales or simply not enough cash to meet everything when it's due.
When several problems build up at once, it can become difficult to know where to start.
You don't have to solve everything at once.
Our 90-Day Business Stabilisation Plan is designed for small businesses that are under financial pressure but have a realistic opportunity to recover.
We'll help you understand the position, decide what needs attention first, and work through the problems in a manageable order.
You'll have a clear plan, a small number of priorities at a time, and regular support to keep things moving.
First, we find out where you really stand
Before recommending the 90-Day Plan, we complete a Business Stabilisation Assessment.
We look at the financial position of the business, including:
ATO and superannuation obligations
cash pressures and significant debts
recent business performance
sales and gross profit
operating break-even
finance and other major commitments
whether current obligations are continuing to fall behind.
Most importantly, we consider whether there is a realistic pathway to stabilising the business.
Sometimes the right answer is a 90-Day Stabilisation Plan.
Sometimes specialist ATO assistance is needed as well.
And sometimes the numbers tell us that stabilisation isn't the right approach and different professional advice is needed.
Our first job is to help you work out which position you're in.
If there is a realistic recovery pathway, we'll help you follow it
Month 1 — Get stable
We identify what needs attention now.
We look at your ATO and super position, cash pressures, debts, business performance and immediate commitments.
We'll work out what the business needs to sell and identify the few things that need to change first.
The goal: stop the position getting worse and create some breathing room.
Month 2 — Get control
We start putting better financial routines around the business.
Depending on your situation, that might include managing GST, PAYG and super as they arise, getting bills under control, monitoring sales, reviewing cash commitments and dealing with expensive finance.
The goal: meet today's obligations while making progress on the problems that have built up.
Month 3 — Stay on track
Getting a plan in place is only the beginning. The part that often makes the difference is following it consistently.
We'll continue monitoring the important numbers, review what's working, address problems as they arise and help you keep the plan moving.
The goal: finish the 90 days in a more stable financial position with a clear plan for what happens next.
I'm already overwhelmed. How will I find time for this?
We understand.
This isn't designed to give an already stretched business owner another pile of financial homework.
Where practical, we'll prepare the financial information we can access before we meet.
Your regular progress check-ins are short and focused, usually around 20 minutes.
And rather than giving you a long list of things to fix, we'll agree on a small number of priorities at a time.
Your time should be spent taking the actions that matter, not preparing reports for us.
What if I can't afford it?
Cash is usually tight when a business reaches this point.
That's one reason we assess the business before recommending the program.
We don't want to add another expense to a business that doesn't have a realistic recovery pathway.
If we recommend the 90-Day Business Stabilisation Plan, it will be because we believe there is a reasonable opportunity to improve the position and that structured support could help.
The program costs $250 + GST per week for up to 13 weeks.
You can leave the program at any time and future weekly program fees will cease.
What if I just wait?
Sometimes monitoring the position is appropriate.
But if tax debt is increasing, current obligations aren't being met or cash pressure is getting worse, waiting generally doesn't address the underlying problem.
Getting advice early gives you the opportunity to understand the position and consider your options before the situation deteriorates further.
We won't pressure you into a recovery program. We'll look at the numbers and tell you what we think.
Is this right for my business?
The 90-Day Business Stabilisation Plan may be suitable if:
your business has ATO or superannuation debt
you're struggling to keep up with current commitments
cash is continually tight
sales are inconsistent or below the level the business needs
expensive debt or finance is putting additional pressure on cash
you've previously made progress but fallen behind again
you know things need to change but you're struggling to work out what to tackle first.
There is one other important ingredient.
You need to be willing to participate in the recovery.
We'll provide the numbers, structure, priorities and support. But ultimately you remain responsible for running the business and taking the agreed actions.
Start by finding out where you stand
You don't need to commit to the 90-Day Program to take the first step.
The first step is a Business Stabilisation Assessment.
We'll review the financial position, identify what's driving the pressure and help you understand the available pathway.
If the business appears suitable for the 90-Day Business Stabilisation Plan, we'll explain how it would work for you.
If we think another form of assistance is more appropriate, we'll tell you that too.