This is a remote seminar held via the Webinar.net platform, a recording will be made available for up to 12 months, please follow the prompts in your login details email.
Join Chris Cook from Worrells for an insightful webinar on the intricacies of small business restructuring and voluntary administrations. This session aims to provide business owners, financial advisors, and stakeholders with a clear understanding of the options available for businesses facing financial difficulties.
Topics Covered
- Current ATO Tax Debt and Recovery Tactics
- Overview of the significant tax debt currently owed to the ATO.
- Tools and tactics used by the ATO, including Director Penalty Notices (DPNs), garnishee orders, and statutory demands.
- The ATO’s approach to debt recovery through insolvency actions.
- Practical strategies for businesses to manage tax obligations and explore payment arrangements.
- Understanding Small Business Restructuring
- Definition and process of small business restructuring.
- Eligibility criteria and legal framework.
- Key advantages and potential challenges.
- Exploring Voluntary Administrations
- Overview of voluntary administration and its purpose.
- Steps involved in the voluntary administration process.
- Pros and cons of opting for voluntary administration.
- Comparative Analysis
- Detailed comparison between small business restructuring and voluntary administrations.
- Situational factors influencing the choice between the two options.
- Cost implications and impact on business operations and reputation.
- Practical Examples
- Case studies of businesses that have undergone restructuring or voluntary administration.
- Success stories and lessons learned from different approaches.
- Practical advice on navigating the decision-making process.
Benefits and Learning Outcomes
The webinar will explore the benefits and drawbacks of small business restructuring compared to voluntary administrations, illustrated with practical examples to help determine the most suitable path for different scenarios.
Meet Your Speaker, Chris Crook
Chris Cook is a seasoned expert with over 25 years in insolvency with Worrells, bringing his experience in helping businesses navigate financial challenges. His expertise and practical insights make him a trusted advisor for small business owners facing critical decisions.
