The 2025 end of financial year (EOFY) may be done, but for many Gold Coast businesses, the financial pressure is just beginning. The Australian Taxation Office (ATO) is now shifting its focus from compliance reminders to active debt recovery, with thousands of small and medium businesses facing enforcement action. From unpaid GST and PAYG liabilities to missed superannuation contributions, these issues are triggering serious consequences – including Director Penalty Notices and business insolvency. As experienced Gold Coast accountants, we’re urging local business owners, especially those in areas like Tallebudgera, to take proactive steps now before the ATO comes knocking.
Recent data shows that business insolvencies across Queensland jumped by 26.8% in FY2024–25, with more than 2,500 companies collapsing – many located right here on the Gold Coast (reference: The Australian). The ATO is cracking down, issuing more Director Penalty Notices, garnishee orders, and winding-up notices than ever before (reference: Insolvency News).
Small Business Restructuring (SBR) appointments have increased dramatically, but new ATO rules make this process more complex. Businesses must now meet stricter compliance conditions, declare all related-party dealings, and show genuine financial viability.
That’s why working with experienced accountants in Tallebudgera is essential. We help local businesses review their tax position, assess restructuring options and prepare a forward-looking financial plan.
If your business owes tax, super, or has fallen behind on lodgements, now is the time to act. Don’t wait until you receive an ATO enforcement letter. Our team of Gold Coast accountants can help you get ahead, stay compliant, and protect your business.
The EOFY for the Gold Coast may be behind us, but smart decisions now can help define the year ahead and place you in a commanding financial position.