Queensland COVID-19 Jobs Support Loans
Applications open Queensland COVID-19 Jobs Support Loans Applications are now open for the Queensland Government’s $500 million COVID-19 Jobs Support Loan scheme. This scheme is for Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations. Low interest loans of up to $250,000 are available to assist with carry-on […]
Insolvency Amnesty Provides Breathing Room
The Australian Federal Government announced Sunday (22 March 2020) that it intends to make temporary amendments to insolvency and corporations laws in light of the challenges COVID-19 poses to many otherwise profitable and viable businesses. In particular, the government intends to relieve directors from the risk of personal liability for insolvent trading, where the debts […]
QLD Government COVID-19 economic relief package
The initial roll-out of the package has been somewhat vague, with more emphasis on how much the government will be giving, and less about the practical realities of eligibility and application processes. The following is a summary of where the Queensland Government’s $4 billion Covid-19 business support package will be going. $2.5 billion for workers […]
Fact Vs Fiction: Four Insolvency Case Studies
1. Do Bankruptcies lasts 3 years? Not for one unlucky person, who did everything right (or so everyone thought). John knew he was about to be made bankrupt in court in September 2016, so he took it upon himself to fill out his statement of affairs (“SOA”) and sign it a few days before he […]
How Buy Now Pay Later is Affecting is Affecting Businesses and Consumers
While many people are still unaware of the buy-now-pay-later industry or how it works, the prevalence in the economy is going from strength to strength. The premise of these buy-now-pay-later arrangements allows consumers to obtain goods/services immediately and pay for them over time. Predominantly the industry makes its money from two sources: merchant fees, and […]
Phoenixing: Will the problem ever be fixed?
Phoenixing has been an issue in corporate Australia for many years. Phoenixing is a process whereby businesses/individuals transfer assets from an old entity to a new entity without regard for dealing with creditor claims in the old entity or paying little or no consideration for the transfer of assets to new entity. In February 2019, […]
Revenue Recovery and Levelling the Playing Field
It’s common knowledge that the Australian Taxation Office (ATO) is often one of the last creditors to be paid and is used by businesses and taxpayers intentionally or unintentionally as the “Bank of Last Resort”. In recent years there has been a lot of talk on phoenix activity, tax avoidance etc. and its effect on […]
The Capital Raising Journey for Fintechs
Start-ups often rely on their founder’s ambition and investment, however, there comes a time when outside capital is needed to finance further growth, execute a full or partial exit for owners, or optimise the capital structure. Many successful fintechs looking to accelerate growth arrive at this crossroad and, whilst access to finance may not always […]
Case Study: FEG Rejects Employee Long Service Claims
A business can be sold either on an enterprise or equity basis. An equity sale is associated with far greater risk than an enterprise sale, as acquiring the shares increases risk around contingent claims, particularly the Australian Taxation Office (ATO), employee and consumer claims that may not be apparent at the time of the purchase. […]
C&D Advisory Newsletter March 2020
In this month’s newsletter, we tackle the issue of negative review blackmail, and how to head it off at the pass. Our Principal Consultant covers the importance of having the right business structure, and we also take some time to celebrate the achievements of two of our staff members. March 2020 Newsletter
