Updated ATO Expectations for Supporting a Small Business Restructuring Plan

Andrew Blundell of Cathro Partners explains that as Small Business Restructuring has scaled rapidly, the ATO now applies clearer and tougher standards, requiring employee entitlements and lodgments to be up to date; robust evidence of best return and cash flow; clean governance and documentation; early engagement on draft plans; and scrutiny of director loans, compliance history, and preferences, with failures commonly driving plan rejection.

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