ATO Tax Debt
Funding requirements for a tax debt is not an uncommon situation.
Blackbird Capital have seen the insides of hundreds of Australian companies where a significant tax debt is owed. A business may experience cashflow difficulties due to a range of reasons such as loss of contracts, debtors not paying on time or a business interruption.
Overcoming Cash Flow Challenges Caused by ATO Debt
Many lenders will not lend on ATO debt payments, which can be the last straw for a business’s cash flow. With the ATO’s current focus on recovering unpaid taxes and issuing Director Penalty Notices where the directors are at risk of being liable personally for the outstanding balance and penalties.
Blackbird Capital can move quickly to unlock available equity in your properties or assets to pay these debts.
Blackbird Capital will consider any unencumbered assets as security to lend against ATO text debt.
