Our Latest Blogs

Porsche, Range Rover and houses: How Nissan-driving Tim got caught in scam By Sarah Danckert Sydney Morning Herald Article 28 August 2018 Hit with a tax bill, locksmith Tim Batchelor thought the best thing to do was to follow a family friend’s advice and get some help from a city accounting firm. But for the country […]

Collapse of book distributor strands hundreds By Linda Morris 19 August 2018 — 5:31pm The collapse of a “stalwart” Melbourne book distributor has stranded hundreds of tiny publishers and self-published authors in the lead-up to the Christmas buying spree. Dennis Jones & Associates has been the go-between for small publishers and self-published authors and bookstores since […]

I thought I would pass on an article written by the solicitor, leading insolvency commentator and author of the Insolvency Bible, Michael Murray. Source: The perils of loud letters of demand A creditor being paid its debt following a letter of demand can be a Pyrrhic victory if the debtor ends up in insolvency and the […]

In every liquidation, Liquidators seek to identify and recover monies paid to creditors where it can be shown the recipient knew or suspected a Company was insolvent at the time payment was made. The primary purpose of the law of Unfair Preference Claims is to ensure that no one creditor should receive more than others […]

Recent reforms under the Insolvency Law Reform Act intended to make the replacement of an External Administrator/Liquidator easier for creditors to achieve but in reality, it may have had the opposite effect. In the past, liquidations instigated by the directors/shareholders required the appointee take the lead and put a resolution to creditors within 18 days […]

Insufficient or declining sales is something that every proprietor or company director will experience at some point in the lifecycle of the business. When sales begin to slide, you may find that you are no longer in a position to cover fixed costs. Without foresight and forward planning, many businesses panic and make reckless business […]

All business being large or small rely on their cash flow undoubtedly the lifeblood of their long-term success. However, there are periods during the year where cash flow is problematic due to many reasons which are either or not in control of the business owner.\ Unexpected expenses or financial losses due to bad decisions; far […]

Are you in favour of a one-year Bankruptcy?

Source: John Shepherd via LinkedIn: Single Touch Payroll is a game changer for tax and super reporting and the broader economy. It is an exciting digital initiative as it ultimately unlocks real time salary and wage information for all employees in Australia. For now, it means employers will report payments such as salaries and wages, pay as […]