Is your business showing signs of distress?

Описание: About this episode:
Is your business showing signs of distress?

It is important for business owners facing financial distress to understand all the options available to them. Small Business Restructuring (SBR) offers a pathway for small and medium sized Australian companies experiencing financial pressure to deal with unmanageable debt, reset operations, and continue trading through and beyond difficult times. SBRs are also a cost-effective solution to save a business compared to a liquidation shut down.

Heading into 2026, the ATO has adopted a more disciplined approach when assessing SBRs. To give the SBR the best chance of success, a business owner working collaboratively with their existing advisors and small business restructuring practitioner needs to demonstrate to the ATO there was a genuine reason for the distress, future business viability exists, together with a good history of tax compliance and corporate responsibility.

With the 28 February BAS deadline approaching for businesses, restructuring experts John McInerney and Wesley Eccles discuss Australia’s current business landscape, SBRs, the impact of Director Penalty Notices as well as ATO enforcement and the importance of seeking early, professional advice for businesses in financial distress.

🎙️ Learn more about our guests:
John McInerney - https://shorturl.at/uESGP
Wesley Eccles - https://shorturl.at/UVTDX

📝 Read the transcript: https://shorturl.at/sqIC3

This podcast is a part of our Beyond the numbers with Grant Thornton series: https://shorturl.at/JMVno

From business strategy to industry innovation and economic landscape analysis, we’ve brought together our experts to unpack how Australian businesses are doing things differently at magnitudes never seen before in Australia.

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