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Shearing Company, Regional VIC
- Estimated Savings: Agreed net savings - $100,000
- Total Cost: 10% of savings
- Case Type:ATO Debt
This small company had accrued significant tax liabilities through wishful self delusion.
As the company’s assets were all secondhand, and only the directors knew how to operate them, they were able to be transferred to third parties at minimal cost. In combination with the skill-set of the directors, and the association with the new owners, the business was able to continue and has implemented new administrative processes. It also continued with its ongoing customer and supplier relationships, undisturbed through the process and retained 10 key employees.