Business insolvency | Cactus Consulting

Extension of Insolvency Relief Measures

30 Oct 2020

The government has recently extended the JobKeeper program to March 2021, albeit in reduced sums. Other measures have also been extended to 31 December.

‘Zombie Companies’ Kept Alive By COVID-19 Stimulus

26 Oct 2020

There are signs hat the stimulus measures introduced during COVID19, might be keeping businesses which would otherwise have folded, alive.

avoid liquidation with ATO payment arrangement

Success Story: How a Growing Business Avoided Liquidation with an ATO Payment Arrangement

08 Oct 2020

Our success story tells of a client we helped negotiate an ATO Payment Arrangement for, in order for them to avoid liquidation.

Success Story: Avoid Liquidation By Settling a Lease Debt

04 Aug 2020

Many businesses sign multi-year commercial leases and then struggle to meet their lease obligations. In these circumstances, we can help you.

GST Director Penalty Notices are Here

30 Mar 2020

From 1 April 2020, the ATO will be able to issue Director Penalty Notices for a company’s unpaid GST. This article summarises how GST Director Penalty Notices will apply.

The cost of illegal phoenix activity

24 Jan 2020

The direct cost of illegal phoenix activity was estimated to cost between $2.85 billion to $5.13 billion for the period from 1 July 2015 to 30 June 2016.

Garnishee Notices; How the ATO will garnishee your wages

07 Nov 2019

Have you got a personal tax debt you are struggling to pay? This might include a debt for income tax or a debt under a Director Penalty Notice.

If you do, you need to be aware that the ATO can issue a Garnishee Notice to your employer to recover the debt.

Director Penalty Notices – Don’t Get Caught Out

08 Oct 2018

Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.

How a Sole Trader settled Business Debts and Avoided Bankruptcy

12 Jul 2018

It can be difficult running a business as a sole trader. You need to be generating fairly significant revenue in order to generate a profit after your expenses have been paid. Given that you do not have the protection a company affords you it can be catastrophic for you personally if the business starts making… Read more »

Category: Business insolvency