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apr2

NEW ILLEGAL PHOENIXING LEGISLATION MEANS DIRECTORS PERSONALLY LIABLE FOR GST

Newsletter

by Jeff Shute03.04.20

On 18th February the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 came into force. With it came new criminal offences and civil penalties.
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cropped-images 03nl-0-0-0-0-1585111496

blog article

HOW IMMUNE ARE ACCOUNTING AND LAW FIRMS TO THE COVID-19 ECONOMIC DOWNTURN?

by Luka Pilipovic25.03.20

COVID-19 has resulted in unprecedented cash flow challenges for many industries. Accounting and law firms will not be immune to the infectious consequences of the COVID-19 economy.
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feb2020nl2

blog article

BUSHFIRES, FLOODS, NATURAL DISASTERS, THE CORONA VIRUS AND INSOLVENT TRADING

by Luka Pilipovic21.02.20

Various government and private institutions have put in place measures to help businesses affected by the recent bushfire crises in Australia.
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feb2020nl

blog article

ASBFEO INSOLVENCY PRACTICES INQUIRY

by Paul Gidley17.02.20

The delivery date for the final report of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Insolvency Practices Inquiry (the Inquiry) has been extended from 18 February to March
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Blog feb2020NF

blog article

DIRECTORS TO BE PERSONALLY LIABLE FOR OUTSTANDING GST – COMBATING ILLEGAL PHOENIXING BILL PASSES SENATE

by Jeff Shute12.02.20

Last week saw the long-anticipated Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 finally pass both Houses. The legislation contains numerous measures to combat illegal phoenixing.
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sept2019

blog article

HOW TO AVOID PERSONAL LIABILITY FOR PAYG AND SUPERANNUATION OBLIGATIONS.

by Paul Gidley30.09.19

Confusion appears to surround the means by which company directors can extinguish personal liability for a company’s unpaid PAYG Withholding (PAYGW) and Superannuation Guarantee (SG) liabilities.
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case study

OVERVIEW: ONE YEAR BANKRUPTCY

by Shaw Gidley18.09.19

You have probably heard about the approaching changes to reduce the three year bankruptcy period to one year. While we do not know the exact date the changes are to be implemented, one term.
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extinguished

case study

ARE RESTITUTION /COMPENSATION ORDERS EXTINGUISHED BY BANKRUPTCY?

by Shaw Gidley18.09.19

The short answer is YES they are, provided the amount payable was fixed prior to the date of bankruptcy and the Order has not been made under proceeds of crime law.
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house

case study

CAN I KEEP MY HOUSE IF I GO BANKRUPT

by Shaw Gidley18.09.19

The short answer is possibly. Equity in real property in which you have a legal or beneficial interest vests in your Trustee in Bankruptcy and your Trustee will look to realise that equity.
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case study

WHAT DEBTS ARE EXTINGUISHED BY MY BANKRUPTCY?

by Shaw Gidley17.09.19

After you are discharged from bankruptcy you are released from most “provable” debts. You are not, however, released from any “non- provable” debts.
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cbm

blog article

BANKRUPTCY MYTHS

by Shaw Gidley01.09.19

Common bankruptcy myths
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Augusts2019news

blog article

7 VIRTUES THAT MAY HELP YOUR SMALL BUSINESS CLIENT IN A DOWNTURN

by Paul Gidley27.08.19

The media is ripe with warnings of an economic downturn. We attempt to provide seven virtues we’ve identified that help micro, small and medium enterprise (MSMEs) endure economic recession.
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Blog 05.19.2

blog article

INNOVATION CHAMPIONS – TURNING FAILURE INTO SUCCESS

by Luka Pilipovic22.08.19

Creativity involves thinking up new ideas. Most business owners have countless creative ideas that kick around for years until they are either forgotten or abandoned.
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