Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.
Business owners often struggle with the operational and financial aspects of their business. We provide 5 tips for business success here.
You can feel pretty helpless if you own property with someone and can’t reach an agreement on what to do with it, what price to sell it for or perhaps who to sell it to. It may be that you and your spouse have separated and cannot agree on what is to happen to… Read more »
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… Read more »
Do you want out? If you’re considering how to exit a business, make sure you’re across all the options. Miss something important & it might end up costing you…
It is a common scenario that when a business leasing premises from someone fails there will be a significant debt owed to the landlord. This is the case because usually under the terms of the lease, landlords can claim rent for the remaining period of the lease (i.e. another 4 years after the lease… Read more »
It is a common scenario that when a company goes into liquidation the directors will have debts they are liable for because of personal guarantees.
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…