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Category: ATO

Mastering the Maze: A guide to Special Situations Finance | Part 4 Overcoming Credit Challenges: Hermes Capital’s Role in the Australian SME Landscape

Through these articles, we aim to demystify the world of special situations financing and showcase how Hermes Capital uniquely supports SMEs (Small Medium Enterprise).

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ATO arrears not an issue for fleet expansion

Payments to key suppliers are crucial to the viability of any business, especially when suppliers and wholesalers account for the majority of a company’s turnover. But how does a business remain on good terms with a supplier when unable to keep up with their obligations?

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Clearing up a tax portal to get your finance deal done

An engineering business had accumulated a $1,050,000 tax debt as a result of rapid growth in the civil infrastructure sector. This became a problem when the client needed to show equipment lenders a clear portal for further equipment purchases that needed financing. Hermes reviewed the client’s debtors as well as their other available assets, including a number of unencumbered heavy equipment items and some property with second mortgage equity.

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$1.8m Capital Raising – A team of Professionals Approach

A regional transport business encountered a shortage of cashflow after they discovered that their accountant had not been correctly accounting to the ATO.

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Restructuring a Business with ATO Arrears

How does a mining services business (extraction optimisation) buy time time to restructure its cost base without entering into Voluntary Administrations?

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