About David
David needed to find a solution and fast to his ATO crisis
David discovered his former business partner had not lodged any BAS, tax returns or compliance documentation for his business for 8 years.
As if this wasn’t enough bad news, he found that they had not been paying Super and had $155,000 ATO debt.
As a result, David had not been able to even pay himself a wage for his work. His business partner was still working in the business and had withdrawn significant funds for private use.
David needed Lawrence accountants to help him save his business before the ATO closed it down.
Who:
Business owner
Age:
Established
Occupation:
Partnership
Problem:
ATO debt
Lawrence accountants saw immediately that David needed to eliminate the current threat to the business which was his business partner, so they seized the partner’s laptop, had him removed from the premises by security and sacked him from the directorship of the company.
We then got in contact with the ATO and negotiated payment arrangements for David's super and BAS debt. We began working through all the outstanding lodgements and getting the books in order.
Finally, when that was completed we engaged a new bookkeeper. These efforts managed to save rick $130K in interest charges and fines.
Ask how our Accountants/Business Advisors can help you.
David got his financial life back on track and started winning new clients again. His business finances were in order, with a professional bookkeeper on board and he was free from the reckless financial behaviour of his business partner.
ABC Construction Needed Finance
See how we helped a new business win a big contract by arranging equipment finance...
read more
John’s business was in debt
Here’s how we helped John out of debt after his business was strapped for cash during the mining downturn... read more
Gordon & Maria were losing entitlement
Here’s how we helped Gordon and Maria, a retired couple who were losing out on pension entitlements... read more
Jane said goodbye to bookkeeping headaches
Here’s how we helped Jane who had years of incorrect data entry and felt out of control and lost on how to fix the problem... read more
Design Financial Advisory provides valuable outcomes to all of our clients, every time. We maintain our knowledge and expertise to the highest standard. We pride ourselves on working closely with our clients, so that they can achieve their goals and start living the life they want.
1/ 776 Canning Highway
Applecross WA 6153 Australia
Phone: (08) 6263 9933
Email: support@dfadvisory.com.au
Financial Planning services are provided by Design Financial Advisory Pty Ltd ABN 38 601 905 266, a Corporate Authorised Representative (ARN 465713) of Design Advisory Group Pty Ltd AFSL 492049, ABN 65 614 217 819. View our
Design FSG & Privacy Policy
and
Design Advisory Group Public Complaints Policy.
Accounting and Taxation services for self-managed superannuation fund (SMSF) clients are provided by Design Financial Advisory Pty Ltd. Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Councils’ website:
https://www.psc.gov.au.
View our:
General Privacy Information & Disclaimers.