Meet Jane & Colin…

They run a successful printing business. They have built the business up over the years to quite a large size. Colin runs the printing operation while Jane runs the office and administration. Unfortunately Jane had a serious illness and the paperwork got out of control with no BAS or income tax returns being lodged for 2 years.

They recently received a letter from the tax office requesting all late BAS and income tax returns be lodged. They went to their accountant who was engaged to complete the outstanding returns, and were advised that a sizeable ATO debt was also due. They had not acted on previous advice and set aside any money for the tax liability.

We were able to refinance their property and consolidate their mortgage and tax debt into one loan. After review of the business and financials by the Accountant, it was clear the business was operating profitably and they could demonstrate sufficient income to cover their new loan repayments.