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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,...

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...

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!...

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...

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...

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...

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!...

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...

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...

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...