SAFE HARBOUR FOR GENUINE RESTRUCTURING

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SAFE HARBOUR FOR GENUINE RESTRUCTURING

by Paul Gidley27.09.17

Having incorporated some modification, of successful lobbying, the Treasury Laws Amendment (2017 Enterprise Incentives No.2) Bill 2017 – set to commence on 1 July 2018 – provides a ‘safe harbour
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WARNING: DANGERS OF DIRECTOR LOAN ACCOUNTS

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WARNING: DANGERS OF DIRECTOR LOAN ACCOUNTS

by Paul Gidley27.08.17

One trick which directors may be tempted to resort to when cashflow is tight, is to take funds from their company in the form of a loan rather than paying themselves a wage.
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MAKING SENSE OF INSOLVENCY RISK

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MAKING SENSE OF INSOLVENCY RISK

by Paul Gidley25.08.17

Any Australian business that only managed to stay afloat by using their debts due to the Australian Tax Office (ATO) as a type of unofficial/unauthorised overdraft facility.
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SURVIVING THE RISING INTEREST RATE AND ATO ONSLAUGHT

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SURVIVING THE RISING INTEREST RATE AND ATO ONSLAUGHT

by Paul Gidley24.07.17

Revelations that Melbourne Cup day could herald the first in a new cycle of interest rises, plus heightened collection efforts by the Australian Tax Office (ATO).
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HAS INSOLVENCY LAW REFORM BACKFIRED?

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HAS INSOLVENCY LAW REFORM BACKFIRED?

by Paul Gidley26.06.17

Changes to personal and corporate insolvency law, courtesy of the Insolvency Law Reform Act 2016, may result in greater compliance and additional costs.
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HAS THE ATO PUSHED ITS AGED PAYABLE PROBLEM INTO THE SME SECTOR?

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HAS THE ATO PUSHED ITS AGED PAYABLE PROBLEM INTO THE SME SECTOR?

by Paul Gidley27.03.17

Readers may recall Shaw Gidley predicting in our November 2015 newsletter that the ATO’s hard-nosed approach to debt collection may eventually result in their significant aged payable problem.
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PAY YOUR TAX OR RECEIVE A BLACK MARK

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PAY YOUR TAX OR RECEIVE A BLACK MARK

by Paul Gidley26.02.17

The Federal Government recently released its mid-year Economic and Fiscal Outlook in which it announced its enhancements in the integrity of the tax system by allowing the Australian Taxation Office.
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NOT AGAIN – $23 MILLION PPSR LESSON

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NOT AGAIN – $23 MILLION PPSR LESSON

by Paul Gidley26.02.17

n May 2016, we reported on GE’s failure to comply with the Personal Property Securities Act 2009 and the resulting loss of their $50M in turbines to the Liquidators of Forge Group Power Pty Limited.
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NEW YEARS RESOLUTION – TRIM THE BAD DEBT

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NEW YEARS RESOLUTION – TRIM THE BAD DEBT

by Paul Gidley27.12.16

A positive start to 2016 is just what we all need. Aside from new years resolutions focused on getting fit and eating less.
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PERSONAL LIABILITY AND EXCISE DUTY

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PERSONAL LIABILITY AND EXCISE DUTY

by Paul Gidley21.11.16

BEWARE: The Australian Taxation Office (“ATO”) has a wide power to pursue directors and other “entrusted persons” personally for unpaid company excise duty
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SHAW GIDLEY SUPPORTS INAUGURAL CAANZ CENTRAL COAST SAILING DAY

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SHAW GIDLEY SUPPORTS INAUGURAL CAANZ CENTRAL COAST SAILING DAY

by Paul Gidley04.11.16

Shaw Gidley is pleased to jump aboard and sponsor the first Chartered Accountants Australia and New Zealand Central Coast annual sailing day.
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IS PERSONAL INSOLVENCY THE BEST OPTION?

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IS PERSONAL INSOLVENCY THE BEST OPTION?

by Paul Gidley26.10.16

Household debt greater than disposable income, unemployment, bankruptcies on the rise these are trends to information released by the Australian Financial Security Authority
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