Don’t feel alone, the tax burden this year is heavy for many Australians. Particularly for small business owners who are unaware of the tax loop holes that the larger companies use. Yeah the big guys are making more than you and paying less for it, hmm, that seems unfair.
The regulations that are in place create an unfair market place for small to medium businesses. With the current tax laws, big companies are paying an effective tax rate of 10 percent or less. Nobody likes tax, but even more, nobody likes to know that the big business bullies are practicing tax avoidance and creating an unfair, noncompetitive market place. This is in spite of various business groups who have cautioned the Federal Government against routine tax avoidance for the effects it could have on the economy.
Company directors experience tax debt difficulties for many reasons, ranging from late debt payments, lack of tax insight, to poor advice from experts. Don’t let yourself drown in tax debt, there are many off ramps, including tax debt loans. Work with experts who have an extensive network of private funding at their disposal. We know tax debt loans and want to help you make the business tax cutoff on October 31st!
If you find yourself in this situation, reach out to the business loans experts, and avoid the stress this season. Hear how we worked with Alan, an Australian small business owner, helped him pay off his tax debt and return to a positive balance sheet.
Tax Debt Loans Saved Alan’s Business
He first set out to approach his business bank for a loan; however, they would not touch him, because:
- He had defaulted on a loan
- He had no business savings
- He had a large tax debt
All of the factors combined to result in a rejection to his loan application. Just like his primary business bank, all the other banks declined his loan applications as well.
He was amazed to find that the Australian Lending Centre offered an ideal solution for his needs. We help business owners pay off their tax debts by understanding the small businesses circumstances and tailoring tax debt loans to their individual cash flow needs.
After calling our offices and speaking to a friendly consultant, Alan was able to secure a business tax debt loan that not only provided him with the funds to cover his tax debts he could also pay wages this month.
This approach helped Alan to get rid of the tax debt that was weighing heavily on his shoulders and to put the business back into profitability. Tax debt loans saved the day and his employees rejoiced as they were handed the pay cheques they deserve.
Take Advantage of Tax Debt Loans
If you are struggling to repay your tax debt, apply for a business tax debt loan from the Australian Lending Centre.