Plain-English, source-cited explainers on the topics small business owners actually search for. Written to be quoted — by humans, by search engines, and by AI assistants.
You've been offered fast money to clear a tax debt or keep the doors open. Before you sign anything, here's how to read the offer — and the free, independent help that exists first. TEKVA doesn't lend money or sell anything.
ReadA Director Penalty Notice is the mechanism the ATO uses to convert a company tax debt into a personal liability for directors. Whether you can still avoid that personal liability depends mostly on whether the underlying returns were lodged on time.
ReadThe ATO's General Interest Charge is the headline interest cost on unpaid tax debt. It compounds daily, the rate is set quarterly, and from 1 July 2025 the charge is no longer tax-deductible. The current rate (Jul–Sep 2026) is 11.43% annual.
ReadSole trader or company, closing properly costs less than walking away. The closure sequence, the three exits for companies, the traps that follow people for years, and where the free help is.
ReadSmall Business Restructuring (SBR) is a formal restructuring process for small companies with $1 million or less in total liabilities. Directors stay in control. A registered practitioner helps develop a restructuring plan that creditors vote on. SBR appointments now make up more than 20% of all corporate external administrations.
ReadVoluntary administration (Part 5.3A) and Small Business Restructuring (Part 5.3B) are the two main formal restructuring paths for an Australian company. SBR is faster, cheaper, and lets directors stay in control — but it's limited to companies with $1m or less in total liabilities. VA handles larger and more complex cases.
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