You can use this tool to help you determine whether a business is viable.
The assessment considers a range of information that is linked to the financial performance and position of the business. This includes the business's ability to pay its outstanding debts, while meeting its ongoing commitments to creditors.
If, as a result of using the tool, you have any concerns in relation to your business viability, you should seek professional advice from an accountant, solicitor or insolvency practitioner. Seeking advice at the earliest opportunity helps to ensure any financial issues are addressed before they escalate or become unmanageable.
If you would like further details please click here to be taken to the ATO website.
The assessment considers a range of information that is linked to the financial performance and position of the business. This includes the business's ability to pay its outstanding debts, while meeting its ongoing commitments to creditors.
If, as a result of using the tool, you have any concerns in relation to your business viability, you should seek professional advice from an accountant, solicitor or insolvency practitioner. Seeking advice at the earliest opportunity helps to ensure any financial issues are addressed before they escalate or become unmanageable.
If you would like further details please click here to be taken to the ATO website.
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