Tax account detail
Break out GST, PAYG withholding, income tax, SGC, GIC/penalties and other ATO accounts rather than providing one combined number.
Tax debt checklist
Turn “we owe the ATO” into a complete funding file.
A clear tax-debt funding request separates each liability, explains why it arose and shows what the business is expected to look like after the liability is addressed.
What matters
Start with the commercial reality.
Funding should address a defined business need and sit within a credible plan for the company after the facility is advanced.
Trading evidence
Prepare current management accounts, recent bank statements, receivables/payables and details of existing finance.
Forward plan
Show how future tax obligations, working capital and proposed loan commitments fit together after funding.
Tax documents to prepare
Current ATO account statements; lodged BAS/IAS and tax-return status; payment-plan details; copies of relevant ATO correspondence; and a breakdown of GST, PAYGW, income tax, SGC, GIC/penalties and other amounts.
Financial documents to prepare
Recent profit and loss and balance sheet; bank statements; aged debtors and creditors; existing loan statements; payroll summary; major supplier commitments; and current cash on hand.
Explain the cause
Management should describe the event or pattern that created the arrears: project delay, customer default, rapid growth, seasonal pressure, margin problem, one-off dispute or recurring cash-flow shortfall.
Show the post-funding business
Include a 12-month cash-flow forecast that accounts for normal operating expenses, future tax and super obligations, debt service and reasonable downside assumptions.
Official sources & further reading
General information only. This page does not constitute legal, tax, financial or credit advice. SME Capital Partners is in pre-launch and is not currently offering or approving credit through this website.