Trending Up: The Perils of a Directors Debit Loan Account

Trending Up: The Perils of a Directors Debit Loan Account

We’re seeing an increased trend of director debit loan accounts. Used wisely, they’re a useful tool.
Misused, they’re a major risk.
In fact, director debit loan accounts are the most common cause of personal liability for a director in a liquidation scenario.
This is tragic in the true sense of that word, because the harm is 100% self-inflicted.

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Say goodbye: Large redundancy payments from employer insolvency coming to an end?

Say goodbye: Large redundancy payments from employer insolvency coming to an end?

The days of large redundancy payouts due to employer insolvency may soon be over.

In the 2014 Federal Budget, the government has announced a reduction to the Fair Entitlements Guarantee (FEG), which guarantees certain unpaid employee entitlements if their employer becomes insolvent.

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9 Warning Signs: When A Good Business Goes Bad

9 Warning Signs: When A Good Business Goes Bad

Businesses don’t go bad overnight. There are warning signs, usually well ahead of time.

Experienced Directors and business advisors know this. They also know that when the signs of trouble are identified early and the corrective action is taken, there is a much better chance of turning things around.

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