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Liquidation and insolvency tips
Brad Vincent / our-blogs, / Sep 25, 2023
The ATO has been doing the rounds lately confirming their support for Small Business Restructuring. In a recent talk at the Tax Institute’s Tax Summit 2023,...
Brad Vincent / our-blogs, / Jul 26, 2023
Insolvency statistics for the period ended May 2023 show a record high of 504 Voluntary Liquidations commenced during the month. 504 is the highest monthly number...
Brad Vincent / our-blogs, / Jul 14, 2023
It’s a little known fact that the most popular course of action to deal with a company in financial distress is to do nothing at all!...
Brad Vincent / our-blogs, / Apr 28, 2023
March 2023 was the highest monthly corporate insolvency total since July 2019 with 828 companies entering some form of insolvency administration. March was just the third...
Brad Vincent / our-blogs, / Apr 4, 2023
One year and two days after the first batch, the ATO have started issuing more Director Penalty Notice Warning Letters. Practically identical to the notices issued...
Brad Vincent / our-blogs, / Mar 8, 2023
The ATO recently announced they sent 18,500 Director Penalty Notices in 2022. You may remember they also said they sent DPN Warning Letters (so not actual...
Brad Vincent / our-blogs, / Dec 23, 2022
Personal insolvencies have been on a very significant down-trend since 2009 and had an even more significant drop since COVID… and it barely rates a mention!...
Brad Vincent / our-blogs, / Oct 25, 2022
Insolvency appointments have finally returned to pre pandemic levels peaking with 717 appointments in July 2022, and staying high in August and September. I know I...
Brad Vincent / our-blogs, / Sep 9, 2022
Now that the ATO has resumed chasing debts we are seeing an increase in queries about the Small Business Restructuring process. Small Business Restructuring is the...
Brad Vincent / our-blogs, / Aug 18, 2022
You’ve probably seen the headlines, “Insolvencies back to Pre-Pandemic Levels!”, “Large Increases over This Time Last Year!” – they’re only telling half-truths. Yes, insolvencies are on...