Received a notice from the ATO?
If you’ve seen a notice from the ATO and not sure what are your options, we are here to walk you through.
How to manage your cash flow
Cash flow is critical for business owners, there are a range of options to improve it.
What is a Business Restructure?
A business restructure involves understanding, analysing and then improving your business, while resetting the trading structure.
The Importance of Assessing Business Viability Before JobKeeper EndsWhy It Is Important for Businesses to Assess Their Viability Before JobKeeper Ends
The JobKeeper scheme will end on 28th March 2021. Since September 2020, over half a million businesses across the country have graduated from the scheme. Despite the schemes success at helping businesses survive during the pandemic there are a number of businesses struggling in industries such as aviation, tourism and the arts and recreation services. […]
Treasury is considering an increase to the current Statutory Demand Threshold
The impact of the covid-19 pandemic has forced the government to make a huge number of changes to Australia’s insolvency framework. The Treasury is now deliberating about whether or not the current monetary threshold at which a statutory demand can be issued by a creditor should remain at $2,000 or should be permanently raised to […]
Zombie Businesses in The Age of Covid-19
Running a successful business takes a lot of hard work and with the covid-19 pandemic many Australian businesses are facing an uncertain future. Sudden lockdowns and social distancing rules have made it difficult for businesses to generate the amount of revenue that they used to make in a world before covid-19. Once the governments covid-19 […]
Pubs in The Age of Covid-19
Pubs across Australia have been faced with many challenges during the covid-19 pandemic, as they try to remain profitable and abide by the governments social distancing rules. Data from Australian Bureau of Statistics illustrates that more than a third of Australian’s working in accommodation and food services lost work between March and April 2020. The […]
Small Business Insolvency Reforms Introduced to Help Struggling Businesses
Thousands of Australian businesses impacted by the covid-19 pandemic have been thrown a lifeline following the Federal Government’s decision to introduce small business restructuring reforms on 1st January 2021. The Federal Government’s insolvency reform package was passed by Federal Parliament on 11th December 2020. The new rules will offer a debt restructuring process intended to […]
Why Now Is the Best Time to Change Accountants
It is important to hire an accountant that adds value to your business by helping you realise your tax benefits and supports you with difficult matters related to auditing, tax and payroll among other accounting services. It is also beneficial to have an accountant that delivers considerable savings regarding the day to day operation of […]
The New “Simplified Liquidation Process” Introduced On 1st January 2021
A new Simplified Liquidation process was one of the key components of the Federal Governments recent changes made to Australia’s corporate insolvency framework. The changes were introduced on 1st January 2021, the Simplified Liquidation process aims to be a streamlined Creditors Voluntary Liquidation (“CVL”) for companies that are insolvent and have liabilities of less than […]
