October 30, 2019

This month we look at one of the early warning signs that a business may need pre-insolvency advice – fintech lending. In this instance we are referring to online business loan applications. There has been a proliferation of lenders in this space, with their loans prom...

October 4, 2019

There has probably never been a few weeks like this for travel agents. First, Thomas Cook, an icon of the industry with a 140-year history went into liquidation. This left around 600,000 travelers stranded somewhere and needing to get back home. Then, a short time late...

August 20, 2019

This month’s case study looks at the ATO’s ability to issue Garnishee Notices. Garnishees can be powerful and should be taken very seriously. Don’t underestimate the power of the ATO’s garnishee capabilities, even if their initial actions are unsuccessful.  In this cas...

July 31, 2019

This month’s case study looks at the importance of identifying warning signs and how quickly things can change. This case involves a situation with the ATO, where events quickly spun out of the director’s control, and how getting professional advice quickly can make a...

July 1, 2019

At the most recent instalment of the de Jonge Read Seminar Series we discussed the Bankruptcy Amendment (Enterprise Incentives) Bill 2017. The bill proposed that the term of bankruptcy be reduced from three years to one year. It would be fair to say that the main drivi...

May 22, 2019

Well, it’s coming to that time again. The end of the financial year. Over the coming months many accountants and professional advisors will be meeting with their clients, and perhaps talking to those business owners that have not paid much attention to the numbers sinc...

April 18, 2019

This month’s case study looks at a recent situation where the director had already put the company into liquidation on his former accountant’s advice prior to talking to de Jonge Read. The client engaged a new accountant for a new venture he was considering. When the n...

March 28, 2019

The new law eliminates the three-month from due date rule for superannuation reporting. This means that the superannuation obligation must be reported by the due date for the director to have any opportunity to remit the penalty.

March 19, 2019

Business owners can often feel trapped in their businesses. They owe so much that the money from the sale of the business would not cover it. They may feel that they have no choice other than to trade on. In this month’s case study we look at how we helped a client get...

March 6, 2019

I don’t know how many times I hear “it’s a very simple situation, I don’t own anything so I don’t really need advice, I can do this myself”, only to have the same people come back later when issues arise.

One thing I have learnt in my time whilst dealing with clients in...

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