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Director Penalties (DPN's) and Deregistered Companies
A warning highlighting some particular problems relating to Director personal liability for unpaid taxes and Superannuation in cases where a Company has been deregistered. Read More…
Frequently Asked Questions - Small Business Restructuring ("SBR")
Answers to some FAQ's about the Small Business Restructuring ("SBR") process - an increasingly effective and popular way of dealing with small business in distress... Read More…
Troubled times for the Construction Industry
More and more construction related business are entering into Insolvency. What is going on and what can you do to protect yourself...? Read More…
Are you interested in a rewarding career in Insolvency? We are looking for energetic people to join our growing in team in Brisbane and the Gold Coast. Read on for more details... Read More…
Falling Bankruptcy Numbers – Is this the era for “Doing Deals” to solve financial distress..?
Bankruptcy numbers are at record lows and less than half of the 10-year average level! What does this mean and how might this impact individuals currently suffering financial distress at a time of high debt, high inflation and rising interest rates...? Read More…
Small Business Restructuring - How is the process going...?
The new Small Business Restructure (SBR) process has been introduced to the Australian corporate landscape, and we blogged on the topic back
in February 2021.
A bit of water has passed under the bridge, and the facts are, despite a few problems areas, SBR’s are now being done in increasing volumes
and are successfully helping small businesses negotiate with their creditors and offer a lifeline to allow business survival.
So it is worth remembering, what is an SBR? and when are they a viable option to deal with financial distress for small business…?
Read More…
What is wrong with allowing the deregistration of your defunct company...?
Deregistration (whether by ASIC or voluntary by Directors) of a company which still has a debt to the ATO can be a very risky step for the Company Directors... Read More…
What should I do about overdue ATO debts…?
The ATO is currently firing up its recovery tools to collect over $55 Billion in unpaid taxes that have accumulated over the period of the pandemic! What should an individual or director of a company do if you have accumulated a debt and now can't repay it? Read More…
Director Alert – Director ID’s are here…
Hear about the new Director Identification Number regime now introduced into Law. Deadlines are now in place for all directors to become registered... Read More…
Beware the ATO DPN! (Director Penalty Notice)
One of the most powerful tools in the ATO debt collection arsenal - a DPN. Will make a company Director personally liable for the company's
PAYG, GST and Super debts.
What are they and what to do if you receive one....
Read More…
Small Business Restructuring. What the...?
A new Insolvency regime and related laws are now in place to supposedly help deal with the crisis resulting from the financial impact of Covid-19. So what is this new Small Business Restructuring option? and will it work...?? Read More…
Covid Crisis – A need for Personal Insolvency Reform…?
Has the current Covid Crisis created a need for Personal Insolvency Reform to help individuals in small business likely to fail as the economic crunch bites....? Read More…
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