Understanding the PPSR
The PPSR is a critical business tool for all businesses, it can mean the difference between securing your debts or losing everything.
What is a winding up notice?
Receiving a winding up notice is a serious issue for business owners, if you have received one acting quickly is critical to make sure that you can get things under control.
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.
What is a Business Restructure?
A business restructure involves understanding, analysing and then improving your business, while resetting the trading structure.
How to Know When It’s Time to Close Your Business
A large number of Australian businesses have been forced to close their doors with good over the duration of the covid-19 pandemic. As a business owner knowing when to quit will likely save you further heartbreak and also plenty of money. Starting a business is tough and it can be even tougher closing it both […]
Australia’s Current Insolvency Rate Is Much Lower Than Anticipated
A recently published survey has found that the current insolvency rate for Australian business is running at less than half the pre-covid levels. However, this might be a result of the ongoing lockdowns and border closures. Despite the winding back of government support packages, external administrations are still running at historical lows despite concerns last […]
SMEs Encouraged To Seek Help If They Are Struggling To Pay Their Taxes
Small to medium enterprises (SMEs) across Australia are being encouraged to seek immediate help if they are struggling to pay their taxes due to the covid-19 pandemic-induced cash-flow issues. It has been reported that small to medium businesses currently owe the Australia Tax Office (ATO) a record-high $21.4 billion in tax debt in the financial […]
Insolvency Rates in Australia Expected to Increase By 10% This Year
In comparison to the rest of the world, Australia appears to have dodged a bullet when it comes to business insolvencies, but it is not out of the woods just yet. Despite the Australian government’s temporary support measures, insolvencies are expected to rise by 10 percent this year and potentially increase by another 10 percent […]
The Australian Government Is Planning More Insolvency Reforms
Small businesses across Australia that operate via a trust will now be considered for further protection, as the federal government contemplates further insolvency reforms as part of the May 2021 federal budget. On Monday 3rd May, the Treasury announced that the Australian Government will be holding a consultation regarding how trusts are currently being treated […]
372,000 Australian Businesses Were On JobKeeper When It Ended Last Month
Right up until it’s completion on Sunday 28th March, JobKeeper remained to be a critical economic lifeline for 372,000 Australian businesses. New research shows that almost a quarter of Melbourne based businesses were dependent on help from the scheme during its final phase. Businesses in regional parts of the country fared better than those in […]