Small Business Restructuring in Australia: A Lifeline for Accountants and Their Clients

Small business restructuring (SBR) is a formal insolvency process introduced in Australia in January 2021 under the Corporations Act 2001. It offers a structured pathway for financially distressed but viable small businesses to manage their debts while continuing operations. This process is particularly relevant for accountants advising clients with significant Australian Taxation Office (ATO) debts. […]