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JobKeeper has helped staffing, but it has not assisted with other operating costs, particularly rent or finance debts.

ASIC released a list of key areas that directors and auditors should consider when preparing FY2013/14 annual reports..

The ATO will take a more aggressive approach to debt collection and is prepared to wind up insolvent businesses sooner.

Selling a business may be a once in a lifetime transaction where the vendor has one chance to get it right. Well prepared businesses are more likely to command a higher sale price. Maximising the sale price is an important objective that requires considerable attention well before the sale process starts.

Professional firms try to avoid such errors by quality assurance procedures, like peer reviews and arithmetic checking.

From 1 July 2010, members of GST groups and participants in GST joint ventures may now limit their exposure to joint and several liability for the entire GST liabilities of the group or joint venture. This can be done by entering into what is known as an "indirect tax sharing agreement" (ITSA).

All business owners, whether considering sale in the short term or not, should undertake a legal due diligence process.

When undertaking major equipment acquisition or infrastructure projects, agencies should consider a range of both publicly and privately financed project delivery models.

Decision of UK Supreme Court in Belmont Park Investments Case discussed.

Developers’ and operators’ ability to claim GST credits on retirement village construction costs

The stress of running a business, failing and amassing debts, could cause emotional, mental, or physical impacts.

In Wambo Coal Pty Ltd v- Ariff, a liquidator was held personally liable as constructive trustee for payments made by mistake to the company during liquidation.

Taxpayers who have sold cryptocurrency in the 2018 income year should consider to include this with their taxable income.

When the STP regime is in place, the ATO will have an accurate and up-to-date picture of each company's payroll status.

The reform agenda for the not-for-profit sector begins with the release of a statutory definition of charity.