The ATO began writing to directors early 2022 in relation to unpaid tax. The tax office intended on informing directors…
With the Jobkeeper subsidy having now ended, it is a timely reminder for directors to understand the personal liability they…
Business, Director, Insolvency. Before deciding to liquidate, speak with restructuring and turnaround practitioner Eddie.
Business Turnaround Definition There have been many attempts to place a definition on ‘Business Turnaround‘. However, these are quickly becoming…
In response to the pandemic, a range of economic measures have been announced. Referred to as the COVID-19 Safe Harbour,…
ATO Debt – What if you don’t pay? Approximately $20 billion of unpaid ATO debt remained outstanding in 2016. Businesses…
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has now been passed. Finally. Not before there was a fair…
An informal restructure can give your distressed business the breathing space it needs to gain a competitive advantage. Insolvency Academic…
The recently established South Australian office of UK firm TekNet has acquired local IT managed services pioneer Loftus IT for an undisclosed sum…
Ipso Facto Clause Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No.…
Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…
Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…
When did you sign to agree to be personally liable for your company’s tax debt? It’s a rhetorical question –…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…
Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…