Many businesses sign multi-year commercial leases and then struggle to meet their lease obligations. In these circumstances, we can help you.
What should you do if you provided a personal guarantee and your business is struggling? One of the things you can do is to negotiate a settlement.
Our client’s problem We were recently referred a property developer client who had two companies which were involved in a failed property development in northern New South Wales. The companies had limited assets and they owed several hundred thousand dollars to creditors.
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 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.
Is your business in trouble? Don’t leave it too late to do anything – taking the steps towards business rescue now can prevent liquidation or bankruptcy.
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 »
A reviewing liquidator’s role is to review whether the fees and expenses being claimed by a liquidator on a liquidation are reasonable.