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Bushman Water Tanks
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Distress signals
Owed money that is in arrears
Owed money in arrears can significantly impact a business's financial stability. By implementing effective strategies to manage outstanding payments and establishing clear payment terms with clients, businesses can mitigate the negative effects on their cash flow and maintain a healthy financial position.
Under financial distress
Financial distress refers to a situation in which a company or individual is experiencing difficulty in managing their financial obligations. This can occur when they are owed money by clients who are in arrears or when there is a lack of cash flow to meet their financial obligations.
Tax payment in arrears
Tax payment in arrears refers to the situation where individuals or businesses fail to pay their taxes on time. This can happen due to various reasons, such as financial difficulties or simply negligence. In Australia, the Australian Taxation Office (ATO) is responsible for collecting and enforcing tax payments. When a taxpayer fails to pay their taxes on time, they may face penalties and interest charges.
Facing legal threats or claims
Creditors may resort to legal action in order to collect on outstanding debts or claims. These threats can be intimidating, but it is crucial to remain calm and seek professional advice. It can be a daunting process, but SALEA are well experienced in helping individuals and businesses with such matters.
Poor cash flow
Poor cash flow can lead to a variety of issues such as delayed payments to suppliers, inability to invest in growth opportunities, and even potential bankruptcy. Seeking the help of advisors or consultants can also provide valuable insights and strategies for improving cash flow in a business.
Operational difficulty
Operational business constraints refer to the limitations and challenges faced by businesses in their day-to-day operations. These can be financial, technological, regulatory, and resource limitations. It is critical for businesses to overcome these struggles in order to ensure continued growth and success.
Experiencing any of the above?
Contact us for an obligation free consultation today
Contact SALEA for a preliminary confidential and obligation free discussion about your options and optimal path forward.
Results for stakeholders
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200+
2,700+
