Case Studies 1

When we met Allan, his $220k personal tax debt had progressed well past negotiating with the ATO and was now a legal matter. Like so many clients we see, Allan thought his tax was paid up but was unable to get an explanation from his accountant as to why he seemed to have to pay more and more.

Allan spoke with our CEO Catherine McMurtrie over the phone and within the first few minutes of the call, she twigged what the problem was. Sorting it was not so easy though. We embarked on the complicated process of sorting out mistakes a previous accountant had made and unravelling the red tape of the ATO’s systems though and were able to crystallise the matter and explain what had happened to Allan.

We redid Allan’s tax returns and got him out of the firing line. Since then, we’ve handled all of Allan’s accounts and tax compliance.

* This is a real case study, we’ve just changed the client's name to protect their privacy.

James has a large domestic company with clients around the country. He was referred to us because he was expecting a tax bill in excess of $450,000, which, because of the way his affairs were structured, would become his personal tax debt.

Fortunately, we were able to see avenues that hadn’t been utilised to avoid what he thought was inevitable. When we finished our work for him, James was surprised to receive a tax refund and was very happy indeed!

* This is a real case study, we’ve just changed the client's name to protect their privacy.

Case Studies 3

It would be an understatement to say Michelle was freaking out when she was referred to us. She was a Sole Trader with a personal tax debt of $150,000 and another 3 years’ worth of returns to do which would pile on top of the debt. The ATO was threatening her with Garnishee Notices and potential prosecution.

We jumped to it and found we could cut the existing debt in half by taking out accumulated interest and penalties. We then made arrangements for Michelle to pay off the remaining $75,000.

Once the immediate issues were taken care of, we restructured Michelle’s business into a Company structure and lodged the outstanding returns, bringing her entirely up to date and compliant.

With her business on the brink of folding and personally facing bankruptcy and even prosecution, Michelle was elated with the outcome and, as many of our clients do, moved all her accounting and tax work over to us.

* This is a real case study, we’ve just changed the client's name to protect their privacy.