Business owners should invest some time before Christmas in budgeting and forecasting major cash inflows and outflows.

The government has not agreed to release directors from personal liability for unpaid PAYG, GST, WET or LCT tax debts.

ASIC considers a number of factors before deciding to investigate and take enforcement action against offenders.

What you should consider when entering a sale agreement that has a long settlement or relies on the vendor to act.

When facing insolvency, franchisee directors must carefully consider several issues before exploring restructuring options.

These aspects must be implemented to effectively and proactively transfer a business from a sole trader to a company.

A practical guide on the various tax issues that may arise from an SBR appointment.

Examples of the benefits of engaging with insolvency practitioners early to achieve the best possible outcome.

This article is a summary of some of the major changes that happened in the Australian business environment in 2019.

The article raises awareness about legal and government initiatives to tighten the net around illegal phoenix activity.

Assessing a business's insolvency is necessarily a constant and ongoing analysis for directors and advisors.

The lack of documentation can make it very difficult for employees to quantify what entitlements could be owing to them.

FEG provides a framework for addressing employees' outstanding entitlements. What does it cover? Who is eligible?

Accountants need to balance their duty as a trusted financial advisor against reporting requirements pursuant to NOCLAR.

A company director who chooses to trade-on past the 31 December 2020 has no retrospective insolvent trading protection.

Australia's insolvency laws are in place to assist people to get a fresh start and move on to other opportunities.

Focuses on how people can exit bankruptcy – discharge from bankruptcy, annulment etc

Explores the key intersections between superannuation & bankruptcy, offering practical insights for professionals & their clients.

Directors who lodge their company's Activity Statements on time may still face personal liability through Director Penalty Notices if they underreport tax obligations. This article examines a critical but often misunderstood distinction in the legislation: timely lodgement alone doesn't prevent lockdown DPNs—directors must also accurately notify the Commissioner of the correct amounts owed.

The landscape around ATO debt collection is more aggressive. Changes around service of Director Penalty Notices also discussed.