PAST ARTICLES

Impact on Business of Coronavirus; Business Tax Debts

Impact on Business of Coronavirus; Business Tax Debts

The coronavirus has had a massive impact on businesses. Whilst there are various government support schemes in place, many businesses have been losing money and one of the first things that businesses stop paying are tax debts. ...

Coronavirus Disruption – Options for Businesses Which are Not Currently Viable

Coronavirus Disruption – Options for Businesses Which are Not Currently Viable

mothball [verb] - to withdraw from use or service and keep in reserve; to stop work on an idea, plan or job, but leaving it in such a way that you can start on it again at some point in the future. ...

Confronting Coronavirus Disruption to Business

Confronting Coronavirus Disruption to Business

The crisis risks turning into an economic tragedy now. Even if the pandemic turns out to be more benign than feared, which is a big 'if' and it probably won’t, the economic damage is looking grave. ...

Coronavirus; 8 tips for businesses in distress

Coronavirus; 8 tips for businesses in distress

This article is based on a publication issued by the Australian Restructuring, Insolvency and Turnaround Association, of which we are full members. The original article is available here...

Coronavirus; Business survival guide

Coronavirus; Business survival guide

Coronavirus has already had a devastating impact on businesses and it appears that the health impact could last for at least six months. The aftermath will be felt by businesses for years after this. ...

Coronavirus and lease agreements; How we can help commercial tenants

Coronavirus and lease agreements; How we can help commercial tenants

Most businesses have now been impacted by coronavirus. This has resulted in reduced trade or even forced shutdowns, with further government-enforced shutdowns likely to come. For a lot of businesses, their major ongoing expense is premises rent. ...

Is Coronavirus Affecting your Business? We can Help.

Is Coronavirus Affecting your Business? We can Help.

Coronavirus has already had a devastating impact on businesses. And at this stage, it appears the health effects could last for at least six months. ...

Is my Business Insolvent?

Is my Business Insolvent?

Most businesses we see have been insolvent for many months or years prior to the business owners coming to us. Sometimes this is because business owners don’t know that their business is insolvent or approaching insolvency. ...

Can You Turn Your Business Around?

Can You Turn Your Business Around?

Often financial problems can be resolved without the need for a company to go into liquidation. When we meet with a client, we will consider their circumstances and explore with them all options which may be available. ...

UPDATE: Director Penalty Notices for Unpaid GST

UPDATE: Director Penalty Notices for Unpaid GST

We have previously written about the proposal by the Federal Government to make Director Penalty Notice provisions apply to GST. The legislation making these changes was passed by both houses of Parliament on 5 February 2020....

What happens to your assets in bankruptcy?

What happens to your assets in bankruptcy?

In bankruptcy certain assets are able to be sold by your trustee and certain assets are ‘protected’ and you can keep them. Sometimes determining whether an asset can be sold involves complex issues, however, th...

Equitable Exoneration; How it can save your house in bankruptcy

Equitable Exoneration; How it can save your house in bankruptcy

We are commonly asked to assist people involved in a business that has failed. Often one of the impacts of the business’ failure is that a bank loan to the business has not been paid. This loan is also often guaranteed by the person running the business but also by his or her partner, with the loa...

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