QBCC Deed of Covenant and Assurance: What are the risks to directors?
It may be a mandatory requirement for you as a director to execute a QBCC Deed of Covenant & Assurance. But first be aware of the potential risks…...
PAST ARTICLES
Building company liquidation: Will you lose your building licence?
When a Queensland-based building company is placed in external administration (such as liquidation or voluntary administration), the company’s Queensland Building and Construction Commission (QBCC) licence is generally cancelled immediately. But with a building company liquidation, w...
Safe harbour reforms: How can they protect you from insolvent trading?
Is the fear of insolvent trading a concern for you as a company director? If so, the new safe harbour reforms may help you sleep easier at night. In order to prepare you for these reforms, which have recently come into effect, we cover the essentials of what safe harbour protection will mean… ...
Creditors – New laws for replacing a liquidator explained
Liquidators have a duty to act independently and in the best interests of the creditors of a company. However, creditors and liquidators may see things differently at times. But do creditors have the power to remove a liquidator, if they feel it’s warranted? If so, what is the process for removing a liquidator and getting another one appointed?...
How to avoid Director Penalty Notice Liability
Learn how to avoid Director Penalty Notice liability - and take the steps to avoid the many problems associated with these unwanted letters from the ATO…...
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…...
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...
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