Behind with the tax office? You're not out of options.
It happens to good business owners all the time. There are lenders who’ll consider refinancing, or using the equity in your home, to clear what’s owed. Subject to assessment, of course.
You're in good company.
The letters keep coming
You’re on a payment plan, or you’re about to need one, and it’s sitting on your mind every single day.
Your bank said "not right now"
You asked, they saw the tax debt, and the conversation stopped there. No other options, no plan.
The business is fine, the timing wasn't
A big bill landed at the wrong moment. It doesn’t mean your business is broken, or that you are.
It’s not your fault. The system makes tax debt feel like a dead end. Most of the time, it isn’t.
Tax debt is a bump in the road, not the end of it.
Business owners right across Australia have found a way through. You can too.
The paths worth exploring.
Every situation is different, so we look at yours first. These are the kinds of options we often find. All subject to a full assessment.
Refinance to clear the debt
There are lender options that will consider refinancing your home loan with extra funds to pay out what’s owed to the tax office.
Use the equity you've built
If your home has grown in value, that equity may be able to clear the debt in one go, rather than chipping away for years.
Lenders who get business owners
Some specialist lenders are set up for self-employed borrowers and look at the whole picture, not just one line on a report.
A plan so it doesn't happen again
We look at how the new loan is set up, so you’re not back in the same spot when the next tax bill arrives.
A tax debt she never saw coming.
Leanne, from south-east Queensland, worked part-time. Her husband ran his own business, and distributions from the family trust left her with a tax debt she had no way to pay. The tax office was pressing for payment, and penalties were building.
She did have an investment property. We helped her access equity in it and paid the debt out in full, and the pressure lifted.
Details shared with the client’s permission; names and locations changed. Your situation will be different.
A trust distribution tax debt, and no cash to pay it.
Equity released from her investment property.
Debt paid out in full, pressure gone.
Company tax, BAS and a newborn at home.
Dave, a self-employed contractor in New South Wales, had company tax, overdue BAS and a personal tax debt all stacking up. A big client was slow to pay, work had gone quiet, and with a newborn at home and his wife off work, the pressure was building by the week.
His last two years told different stories, one strong and one lean. We found a lender able to assess him on his stronger year, and he used equity in his property to clear the tax debt and get back to work as it picked up again.
Details shared with the client’s permission; names and locations changed. Your situation will be different.
Company tax, BAS and personal tax stacking up, young family at home.
Assessed on his stronger year, equity used to clear the debt.
Tax debt cleared, business back on its feet.
Let's find your way.
Tell us what’s going on. No judgement, no credit check to chat.