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.