IT'S TIME TO ACT NOW! We all warmly welcome the stimulus packages and are hopeful that these will give some assistance to small local businesses. Unfort...

Background In last month’s case study “I know what I am doing! It will all be fine”, we looked at Craig and Jane and the issues that they experienced due t...

In this month’s Case Study we look at some of the pitfalls experienced by a client, who, against his Accountants advice, managed the exit of a business along...

Many businesses traditionally close over the Christmas period. However, not everything goes on Christmas holidays.

Our Case Study this month looks at the changes in credit reporting in Australia, and the impact that this had on our client, Allan. These changes have been r...

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 o...

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 liquidat...

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 underesti...

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, w...

At the most recent instalment of the de Jonge Read Seminar Series we discussed the Bankruptcy Amendment (Enterprise Incentives) Bill 2017. The bill proposed ...

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 t...

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 t...

The new law eliminates the three-month from due date rule for superannuation reporting. This means that the superannuation obligation must b

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 t...

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...

We recently met a client who was referred by his brand new accountant. In fact, the accountant was not sure he wanted to take them on as his client. The mana...

Firstly, we hope everyone in Townsville and other parts of North Queensland which have experienced flooding are safe and well. To all our connections and ref...

Individuals who have invested in residential properties have been experiencing considerable losses ever since the value of the properties fell considerably o...

BACKGROUND Our client had established an auto trim business in a regional location in 2004. Over the past few years however, the business had suffered poor...

Our latest case study looks at how we devised a strategy to manage the liquidation of a company with an insurmountable director loan (Division 7A loan). The ...