A TRAP FOR YOUNG PLAYERS!
Some time ago, Joan and Jack had set up an asset protection strategy. By conventional standards, their strategy was foolproof. They were...
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DJR Marketing
- Sep 20
- 3 min
IS IT WORTH SAILING INTO SAFE HARBOUR?
What is Safe Harbour? The safe harbour reform is a carve-out in the Corporations Act 2001 ("Act"). It was introduced in 2017 to protect...
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DJR Marketing
- Sep 7
- 3 min
Defences to Directors Penalty Notices
The printers at the ATO have been dusted off and are smashing out Directors Penalty Notices or DPNs in record numbers. So, this raises...
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Marketing Manager
- Jul 26
- 4 min
NAVIGATING ESSENTIAL COMPANY RESTRUCTURES
Previously we have discussed the virtues of the Pre-Pack insolvency process, which ASIC prefers to call a company restructure. This month...
143 views0 comments
Marketing Manager
- Jul 4
- 4 min
I need $300,000 for the business so I can get out!!!
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...
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Marketing Manager
- Jun 27
- 3 min
"I'm Back"
For all intents and purposes, the pandemic is over and the ATO’s restraint on enforcement actions is also over. Just like Arnie in The...
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Marketing Manager
- May 31
- 4 min
The Pro's Of A Pre-Pack
We recently assisted a client to rescue her business using a Pre-Pack insolvency arrangement. This month we are going to look at the...
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de Jonge Read
- Apr 24
- 3 min
Small Business Restructuring - IS THE ATO ONBOARD?
In January 2023 ASIC released a report (756) on its review of the Small Business Restructuring (SBR) process. The review period was from...
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de Jonge Read
- Mar 31
- 3 min
Dodging A Curveball In Bankruptcy!
Life is unpredictable, and the quirks of the Bankruptcy Act can lead to some difficult circumstances for any individual. If careful asset...
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de Jonge Read
- Feb 23
- 3 min
DOCA - A Powerful Tool In Litigation
2022 was a year in which we at de Jonge Read saw an increasing number of successful uses of Deeds of Company Arrangement (DOCAs) - In...
110 views0 comments
de Jonge Read
- Jan 30
- 4 min
Accountant secures client for life with security!
We often see cases where a related party, like a director or family member, has lent considerable sums of money to a company but has not...
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de Jonge Read
- Jan 23
- 5 min
Asset Protection - How To Mitigate Risk While Defending A Claim
There is no doubt at all that Australia is becoming more litigious. We at de Jonge Read are seeing an increasing number of clients that...
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de Jonge Read
- Nov 20, 2022
- 5 min
From Distress To Success - A Small Business Debt Restructure
This month we are going to look at the Small Business Restructuring (SBR) process by reviewing a case study of a recent client. A SBR is...
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de Jonge Read
- Oct 13, 2022
- 5 min
Trust a Creditors' Trust
This month we will discuss the use of creditors' trusts and how they can be used by individuals who need to avoid the usual restrictions...
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de Jonge Read
- Sep 14, 2022
- 4 min
Back to the Future – Insights from the ATO
As part of our monthly webinar series we were thrilled to be joined by two guest speakers from the ATO. Anita Challen (Assistant...
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de Jonge Read
- Aug 11, 2022
- 5 min
Bankruptcy is a new beginning, not an end
This month we are going to look at the consequence of a business failure on a company director. Directors can be held liable for the...
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de Jonge Read
- Jul 8, 2022
- 5 min
The Current State of Play with the ATO
In April 2022 the ATO sent around 50,000 warning letters to company directors about their potential personal liability under a Director’s...
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de Jonge Read
- Jun 9, 2022
- 4 min
The Dangers of Payroll Tax Grouping
This month we will look at Payroll Tax and the ability of the relevant Offices of State Revenue to deem a business to be part of a group....
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de Jonge Read
- May 12, 2022
- 5 min
Value Adding at EOFY Tax Talks
So, EOFY again and probably time to meet with clients and go over the taxation management plan. As the late Kerry Packer famously said,...
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de Jonge Read
- Apr 13, 2022
- 5 min
You have been warned!
This month we take a look into the recent extraordinary step the ATO has taken in sending an estimated 30,000 to 50,000 warning letters...
59 views0 comments
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