What was the situation? Our client, a well-established automotive repair business serving Melbourne’s South Eastern Suburbs for over 30 years, faced significant tax debts due to the prolonged impacts…
Current landscape Considering the evolving economic landscape and the firm stance taken by the Australian Taxation Office in recovering tax debts, it is imperative for small to medium-sized enterprises…
Introduction As a director, it is crucial to ensure that your organization meets its tax obligations and to understand your personal liability for penalty notices. During the pandemic, the…
Introduction The economic landscape for SMEs in Australia has become increasingly challenging over the past year or so. Factors such as high inflation, slower demand growth, labor shortages and…
What's going on? Corporate insolvencies were lower than normal during COVID-19 because the federal and state governments provided a helping hand to businesses, there was an abundance of cheap…
Medical centres, including dental clinics, physiotherapy practices, radiology and similar healthcare providers who contract with medical, dental, and other health practitioners or their entitles to provide patients with access…
Common red flags of potential distress in a business Company directors, both non-executive and executive, must remain informed about the company’s true financial situation. When faced with financial stress,…
What was the situation? Spouses were engaged in a long-drawn out family law dispute which involved several property holdings. The jewel in the property crown was a large-scale commercial…
Background Changes to the insolvency framework which came to effect on 1 January 2021 have led to a new process known as the small business restructure (SBR). The most…
As with any pioneering expeditions, those who embark on journeys to find or create something completely new, will either shine in glory or find themselves in no man’s land.…