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OLD_Quick guide to the Small Business Restructuring Process
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Refer with
confidence
Each of your clients has poured their blood, sweat and tears into their business. And so have you. We understand that reputation is everything.
You’ll have confidence knowing our process for helping your clients is discrete for all parties, and keeps you in the loop each step of the way.
Telltale symptoms
Noticing worrying signs with some clients?
You’ve seen it before. The client whose business is not profitable, yet they keep paying themselves. They have outstanding ATO lodgements, their BAS and tax debts are piling up, and they’re about to reach the point of no return.
Intervening sooner rather than later can help them avoid a lot of pain.
Your client has received a DPN or winding up notice
Receiving a Director Penalty Notice (DPN) is clearly ‘alarm bells’ on multiple levels. A swift response is vital. This forces your client to deal with their debts, or their company debts become their personal debts.
Your client cannot get an ATO payment arrangement
The ATO’s lenient stance on small business tax debt is over in this post-COVID era. Being denied a payment arrangement or an extension of an existing one means your client needs to restructure their debts.
Your worst clients are our best clients
They’ve not taken your advice. It’s time for some ‘tough love’ on their financial situation, their available options, and what the consequences of not taking action will be. Leave it to us. We’ll handle it for you.
Referring is caring
There’s only so far you can take some clients, but you care about them as people and as families. You want the best for them. So do we. We pride ourselves on achieving ‘save the family home’ quality outcomes.
Achieving your client’s optimum outcome
We conduct a thorough analysis of your client’s balance sheet, company performance and their range of available options before we consider inviting them to appoint us.
This is a win-win-win: It’s good for your client as they don’t part with one cent until the strategy is clear and the confidence level is high. It’s good for you, knowing your client is in good hands. And it’s good for us, as this approach maintains our high success rates.
Whether it makes sense for your client to close their business, to undertake a Small Business Restructure (SBR), or to implement a different option, we’ll guide them with clear and structured advice.
Ensuring it all runs smoothly
What you can expect
Discretion
Your client’s identity can remain anonymous to us when you first enquire on their behalf. We understand how important this is for their and your reputation.
Candour
At this stage in your client’s journey there’s no point sugar coating or beating around the bush. We’ll let them know what they need to hear.
Efficiency
You’re busy. So are your clients. Usually they’re in overwhelm too. That’s why we’ve invested in technology to make our processes as efficient as possible.
Clarity
At every stage we’ll explain the structured pathway that lies ahead, and we’ll keep things simple for everyone involved. The next step will always be clear.
Thank you for all the work done to carry us into this outcome. We are very grateful.
Kathrin, Window manufacturer
Your team made the process easy. Another advisor I spoke to before I discovered you emailed me DOZENS of pages of PDF forms to complete MYSELF. Your team stepped me through everything.
Michael, Agency owner
Why refer your struggling clients
Running an accounting or advisory firm is hard. You have a lot of clients, a lot of deadlines and a lot of shifting goalposts to deal with.
A struggling business is draining
Financial stress is difficult on your clients and it’s difficult on you. Tending to a client’s ongoing series of cashflow crises is not why you went into practice.
Focus on helping your healthy clients
You can’t give other clients the care and attention they deserve when you’re constantly fighting fires for struggling clients. Free up your capacity and energy.
Pressing reset allows a fresh start
Financial difficulties don't improve on their own, or by ‘working harder’ doing the same thing. Often a client needs to just press reset and start a new chapter.
