Category Archives: Hints and tips

When businesses face financial turmoil, “liquidation” often feels like the inevitable conclusion. However, it’s essential to understand that liquidation, while a significant process, isn’t the sole solution to insolvency. In simple terms, liquidation involves selling off a company’s assets to repay creditors, leading to its closure. But is liquidation your only option? Not necessarily. There […]

At Debt Distress Rescue, we understand the importance of finding tailored solutions to your financial difficulties and are here to help you navigate the process of choosing and applying for an ATO payment plan. Types of ATO Payment Plans Available The ATO offers several payment plan options, each catering to different business needs. Depending on […]

In today’s rapidly changing business landscape, small business restructuring has become a necessary tool for maintaining competitiveness and ensuring long-term viability. Understanding the intricacies of restructuring and the challenges it presents is crucial for business owners aiming to navigate these turbulent times successfully. Debt Distress Rescue stands ready to support business owners through the restructuring […]

Running a small business can often feel like a rollercoaster, with its fair share of ups and downs. It’s common to face challenges, but it’s crucial to recognise the warning signs that indicate a need for restructuring. Identifying these signs early can prevent further financial strain and set your business on a path to recovery. […]

At Debt Distress Rescue, we understand that managing debts owed to the Australian Taxation Office (ATO) is crucial for the financial health of any business. Ignoring or delaying action on ATO debts can lead to severe consequences, including hefty penalties, legal actions, and even bankruptcy. In this comprehensive guide, we’ll explore effective strategies to manage […]

In today’s volatile business environment, many business owners face the daunting prospect of personal bankruptcy and company liquidation. Understanding the intersection of these two processes is crucial for any business owner aiming to navigate financial distress effectively. Debt Distress Rescue is dedicated to guiding business owners through these challenging times, ensuring they make informed decisions […]

From July 1, 2026, a significant change took effect in Australia regarding how employers handle superannuation payments. The new rule mandates that employers must pay superannuation concurrently with wages, a shift from the current system that allows a three-month window for such payments. This adjustment is aimed at enhancing transparency and enabling the Australian Taxation […]

In today’s fast-paced and ever-changing business environment, small businesses face numerous challenges. From economic downturns to technological advancements, the pressure to stay competitive is immense. For many small businesses, adapting to these changes is crucial for survival and growth. This is where small business restructuring or organisational restructuring comes into play. At Debt Distress Rescue, […]

The Australian Taxation Office (ATO)’s intensified scrutiny on tax debts has become an issue of paramount importance for small businesses throughout Australia. With the new ATO Commissioner, Rob Heferen, at the helm, there’s a clear message: unpaid taxes won’t be taken lightly. In our current economic climate, especially in the wake of the pandemic, understanding […]

The hospitality industry in Australia, much like the rest of the world, has been on a roller coaster ride over the past few years. From the initial shock of the pandemic to the subsequent economic pressures of inflation and interest rate hikes, businesses in this sector have faced an uphill battle. The Hospitality Industry’s Battle […]