by Mitch | Apr 12, 2017 | Accounting, Blog, Insolvency, liquidation |
Relationships are a big part of running a company. But as much as we’d like them to last forever, sometimes those company relationships can turn sour. It could be the result of a personal or family breakdown, a difference in opinion or belief, or simply not being able...
by Chad | Mar 17, 2017 | Bankruptcy, Blog, Expert Article, Insolvency, liquidation |
If you’re thinking about declaring bankruptcy, one of your biggest fears will be losing everything you have. But the truth is, quite a few of your assets are actually protected. For example, you are allowed to keep: most personal household items, such as furniture...
by Chad | Feb 10, 2017 | Accounting, Bankruptcy, Blog, business management |
While it’s nice to think all small and medium-sized enterprises survive, we all know that they don’t. But it doesn’t happen overnight, and during the company’s decline its directors often go through various stages of awareness. Stage 1: Denial. This is the stage where...
by Chad | Feb 6, 2017 | Accounting, ATO, Blog, Business Budgeting, business management |
At the Mid-Year Economic and Fiscal Outlook just before Christmas, Prime Minister Malcolm Turnbull and Treasurer Scott Morrison announced new powers being given to the Australian Taxation Office (ATO). From 1 July 2017, the ATO will be allowed to disclose tax debt...
by Chad | Oct 25, 2016 | Accounting, Blog, Insolvency, liquidation |
When your business is doing well, you probably don’t even think about your costs. After all, why try to fix something that isn’t broken? But when things change (economic conditions take a turn for the worse, or consumer sentiment weakens), then chances are they become...
by Chad | Oct 14, 2016 | Accounting, Blog, business management |
Whenever there’s talk of a small business failing, people immediately blame the economy. But the fact is that even when the economy is doing well, people take on more risk and leverage because the prices are rising and there’s money to be made. So what’s really to...
