Business Turnaround – Accountants, Become Superman!

Business Turnaround Business Turnaround is essential for economic growth – especially due to the COVID19 crisis. You might not have…

Continue Reading →

COVID-19 Safe Harbour for Directors

In response to the pandemic, a range of economic measures have been announced. Referred to as the COVID-19 Safe Harbour,…

Continue Reading →

ATO Debt Guide – Avoiding recovery action

ATO Debt – What if you don’t pay? Approximately $20 billion of unpaid ATO debt remained outstanding in 2016. Businesses…

Continue Reading →

New phoenixing laws expose advisors to the fire…

Harry Potter might have been able to escape the government’s clutches with the help of a phoenix, but you and…

Continue Reading →

Making sure you are getting paid by your customers…

Every business owner knows that getting paid by your customers is not easy. Imagine this scenario… A major customer of…

Continue Reading →

Ipso Facto Clause Stay – Exclusions

Ipso Facto Clause Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No.…

Continue Reading →

Insolvency Warning Signs – cashflow is king

Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…

Continue Reading →

Safe Harbour – Risking Personal Liability to Rescue a Company

Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…

Continue Reading →

Recovery Provisions – Trading a Business out of Financial Difficulty  

The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…

Continue Reading →