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Liquidation and insolvency tips
I’m probably going to antagonise quite a few people with some of the things I say in this blog. So let me start by saying that...
You are probably aware that the ATO’s power to pursue unpaid superannuation underwent some significant changes in June 2012. The ATO was given new powers to...
The corporate insolvency statistics for November 2013 have been published. Australia wide there were 830 new appointments in total, which is the lowest monthly figure since...
We receive a lot of calls from Public Accountants and company directors enquiring about Members Voluntary Liquidations (“MVL”). In most of the cases we do ourselves...
We receive a lot of calls from Public Accountants and company directors enquiring about Members Voluntary Liquidations (“MVL”). In most of the cases we do ourselves...
The Taxman has been pretty generous in the past on granting Payment Arrangements to struggling taxpayers. However, you might have read in the press recently that...
There are about 10,000 company insolvencies a year. You’d like to think that Directors and Advisers thought through the process prior to getting on the slippery...
Directors will often be concerned about the effect of a liquidation on their personal credit rating. So, is it a problem? Well, yes, but it’s not...
A common query we will get is from Directors who are concerned that they have not adequately kept the company’s books and records and that this...
Most company directors don’t have experience with how to deal with a struggling company and often don’t understand the terms Advisers use. Part of that is...