You may be thinking about your options when things have not been going too well in your business. You may not see a valid way forward for different reasons and may need to think about closing down. In this situation, you may be considering liquidation, but what does that involve and should you opt for a particular process known as "voluntary" liquidation or something else, like a pre-pack?
What to Take into Account
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If your business is in any way mobile and relies on vehicles to make it "tick," you need to be aware of certain tax rules. In particular, you need to know about fringe benefits tax and how this obligation can apply separately to cars or vans. What do you need to be aware of?
Vehicles and Fringe Benefits Tax
The ATO segregates different vehicle types according to whether they are a "
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