BUSINESS RESCUE

Ensure tax affairs are in order first.
Is your business financially distressed? Are you unable to pay your debts and keep the business afloat? Then its time for a rescue mission like no other!

Business rescue is in essence when the financial affairs and resources of your business are restructured to optimize the profitability of the business, resulting in more surplus cash to be used in settlement of historic debts and allowing the business to keep afloat.

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When deciding to apply for business rescue, your tax affairs need to be up to date, including financial year end returns, PAYE, and VAT.

SARS has implemented aggressive collection measures in an attempt to offset a massive budget deficit. With direct collections becoming more and more common, making the decision to apply for business rescue may be the break your business needs to recuperate and take the first step toward financial freedom.

It is important to note that should SARS beat you to the punch and institute liquidation proceedings against your business, you will certainly be facing a far less favorable outcome.

Our multidisciplinary team of highly qualified tax attorneys and chartered accountants will be able to assist you in the process of applying for business rescue. Any information shared with our tax attorneys will be protected by legal privilege.

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Kindly note that our offices are closed between 25 December 2024 and 1 January 2025 and as such there will be a delay in our normal expeditious response times. Our teams are taking a short festive season break and will address your query upon their return on Thursday, 2 January 2025.

BUSINESS RESCUE

Ensure tax affairs are in order first. Is your business financially distressed? Are you unable to pay your debts and keep the business afloat? Then its time for a rescue mission like no other!

MORE INFORMATION

CONTACT US

Ensure tax affairs are in order first.
Is your business financially distressed? Are you unable to pay your debts and keep the business afloat? Then its time for a rescue mission like no other!