What we finance / Clean Slate

Get the tax
bill sorted

Does your business owe money to the tax office? We can help you get a loan to pay it all off at once. Then you pay back one loan, a little at a time.

…and breathe.

SORTED ✓
BAS Q1$42,180
BAS Q2$38,760
PAYG$21,400
Super$17,660
Owing$0

Example figures only.

01 · Where you are

It usually starts
with a little pile.

Sound familiar?

The tax bills piled upYou missed a few, and now it’s one big number you don’t want to look at.
The payments are too bigThe ATO wants a lot each month, and it’s eating the money you need to run things.
Staff tax or super fell behindYou want it caught up before it turns into a bigger problem.
It’s stopping your plansYou want to buy, build or grow, but the tax bill keeps getting in the way.

02 · When is the right time?

A loan isn’t always the answer.
Here’s when it makes sense.

✓ Good times to do it

Your ATO payments are too tightWhy: A loan can spread the cost over a longer time. Smaller payments leave more money in your pocket each month.
The debt keeps sitting thereWhy: The longer tax debt sits, the harder the ATO can push to get it back. Fixing it early keeps you in charge.
You want another loan soonWhy: Lenders get nervous when they see unpaid tax. A big tax debt can even show up on your business’s credit record. Clearing it first can make your next loan easier to get.
A loan would cost less than the ATOWhy: The ATO adds interest to late tax every day. If a loan costs less, you save money.

✕ Maybe wait if…

Your payment plan is working fineWhy: If you can easily keep up and the loan would cost more, it may be better to stick with the plan.
It’s small and nearly paid offWhy: A loan has its own costs. For a small amount you’ll clear soon, it might not be worth it.
You couldn’t keep up with a new loanWhy: A loan only helps if you can make the payments. We’ll be honest with you if it doesn’t fit.

Not sure which one you are? We’ll look at the numbers with you, for free.

03 · How it gets sorted

Three steps from
a big bill to $0.

  1. 1Tell us what you owe

    Roughly how much, what it’s for, and if you’re already paying it off bit by bit.

    Owing$120,000
  2. 2We find the right lender

    We look at lots of lenders and pick one that suits your business.

    Owing$120,000
  3. 3The tax gets paid

    The loan pays the ATO. You pay back the loan in regular amounts you can manage.

    Owing$0
    PAID

04 · Ways to pay it off

Pick the way
that fits you.

A simple business loan

One loan pays the tax. You pay it back in set amounts. You often don’t need a building to back it.

Good if you want it easy
A loan backed by property

If you own a building or big equipment, it can back the loan. That often means a cheaper loan.

Good if you own property
A quick short loan

Pay the tax fast now, then swap to a cheaper, longer loan later.

Good if it’s urgent

What lenders will ask about

Your ABN & how long you’ve traded✓
How much you owe, and what for✓
If you’re on an ATO payment plan✓
Recent BAS & bank statements✓
Anything that could back the loan✓

Every lender is a bit different. We’ll tell you exactly what yours needs.

Good to know

A loan doesn’t make the debt disappear. It swaps a tax bill for a loan you pay back over time.
We’ll show you what the loan costs next to what the ATO charges, so you can choose.
Keep sending in your tax forms on time. Lenders like to see that.
Ask your accountant about the tax side of things.

05 · Let’s sort it

Tell us about the bill.

New job No credit check

Business finance only. ABN required.

…and breathe.

Questions people ask.

I’m already on an ATO payment plan. Can I still get a loan?

Often, yes. Lots of businesses use a loan to pay off their payment plan and swap it for one simple repayment.

Do I need to own property?

No, not always. Some lenders don’t need it. But if you do own property, the loan can often cost less.

Can it pay staff tax and super too?

Usually, yes. Most lenders can cover your BAS, staff tax (PAYG) and super together.

How fast can the tax be paid?

It depends on the lender and how quickly we get your paperwork. Some can move in a few days. We’ll tell you what to expect early on.

Will you check my credit?

Not when you ask us. A lender only checks later, if you decide to go ahead, and we’ll tell you first.

Can you help with my personal tax?

No. We only help with tax that a business owes, through an ABN.