Payment arrangements
There are no hard and fast rules as to what the Australian Taxation Office (“ATO”) will consider to be acceptable for a payment. This is because their policies generally refine with time. Prior to undertaking any payment arrangement, it is important to ensure that whatever is proposed is sustainable for your business. For smaller amounts, […]
Loving your numbers
We recently assisted a business restructure and as a team learned a valuable lesson on what will make a business survive. The comment of the manager of the business is that “numbers don’t matter.” Our bookkeeper had the same look of shock as we did. The manager told us all that mattered was the income. […]
Assigning a lease
You’ve sold your business and as part of the sale the lease has been assigned to the new buyer, what does this mean for you in the future? Do you have a personal guarantee under the lease? One of the biggest risks under the assignment is that your personal guarantee continues and you would be […]
Non Commercial Loss Rules
Losses that you incur in running a business as a sole trader or partnership are referred to as non-commercial losses. Under the correct circumstances, these losses can be offset against other income. If the tests are passed, individual taxpayers can benefit from these losses by offsetting them against other income such as salary and wages […]
No PPSR?
We recently assisted a client who loaned commercial equipment to customers of his wholesale supply business. One of his customers recently went into administration and held onto a number of machines that belonged to our client. Problem 1 – there was no PPSR. Without a PPSR, proving ownership of the equipment was problematic and meant […]
Quick turnaround or a structural change?
Looking at a business and what the prospects are like can be a tough analysis for a business owner. Looking at the overall picture may highlight some quick opportunities and improvements for your business, but equally are the changes long-term and should these be installed as a permanent improvement for the business. We recently assisted […]
Am I working for nothing?
Our team recently assisted a couple who owned a franchise within a major group. Since the acquisition of the business in 2014, they had invested upwards of $900,000.00 and had yet to draw an income. Are they unique? Upon engagement with the client, our first question was whether this was a viable business? Looking at […]
Asking the hardest question
The fundamental question that we always ask any business operator is “do you have a viable business?” This can be a tough question for business owners as often times it may mean a direct and confrontational conversation with a long standing client. To have a viable business, the business’ current and future positions need to […]
Welcome to C&D Restructure
The team at C&D would like to welcome you to our website. Whilst the name is new the business remains the same. Lead by Craig Dangar, we continue to offer comprehensive support for our professional partners.
