Received a Director Penalty Notice? Here’s what can happen
Have you received a Director Penalty Notice from the ATO? Here’s what it could mean, what could happen, and what you should do about it…...
PAST ARTICLES
Nine early warning signs of insolvency
Discover the nine early warning signs of insolvency & find out if your business’s financial problems require professional insolvency advice....
Deep in bank debt? Why bankruptcy isn’t always the answer
If you owe a large debt to the bank and are considering bankruptcy, you may be able to avoid bankruptcy thanks to alternative settlements ...
How to avoid bankruptcy: Your options explained – Part 2
In part one of our article on avoiding bankruptcy, we demonstrated why creditors are often willing to negotiate an alternative to a debtor becoming insolvent....
How to avoid bankruptcy: Your options explained – Part 1
If you are unable to pay all your debts, avoiding bankruptcy could still be a possibility. These are your options for negotiating with your creditors and avoiding becoming bankrupt. ...
5 ways to stop the ATO sending a Garnishee Notice to your boss
If the ATO sends a garnishee notice to your employer, it can take a percentage of your wage—even if you're bankrupt. Here's how to stop it from happening....
5 ways to help clients whose business tax debts have been made public
When a small business is having cash flow problems, the owner may stop making payments to the Australian Taxation Office (ATO) so they can pay the other creditors within their required terms By paying the other creditors first, the business can keep trading as normal, and then once the situation imp...
When builders go broke: 25 steps to survival for subcontractors
When a builder becomes insolvent, subcontractors often find it hard to get their invoices paid. Here are 25 steps they can take to get what they're owed....
Problems involved in building company liquidations
Building company liquidations start a chain reaction of legal and financial consequences. Here's how the different parties are affected....
Avoid liquidation: 4 alternatives for insolvent companies
Is your company facing insolvency? Before you appoint a Liquidator or Voluntary Administrator, why not check out these four alternative options?...
Phoenix for insolvent companies: It must be legal
Transferring assets from an insolvent company to a new one can be legal. Here's how to avoid the risk of illegal phoenix activity....
Why lease guarantees can be a company director’s worst nightmare in a liquidation
Are you the director of a company facing liquidation? Here's some of the risks associated with the company’s lease guarantees and how to minimise these risks to try to avoid bankruptcy....
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