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...
top of page
Search
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...
67 views0 comments
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...
51 views0 comments
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...
72 views0 comments
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...
71 views0 comments
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,...
20 views0 comments
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
de Jonge Read
- Feb 16, 2022
- 4 min
Hello, it's the ATO here
In this month’s case study we look at a situation that we are starting to see more often and we believe is very topical in the current...
311 views0 comments
de Jonge Read
- Aug 11, 2021
- 3 min
In business, you need a significant other. A sign-if-i-cant other.
Company directors are constantly exposed to risk and can be held personally liable for company debts in a number of ways. This can...
80 views0 comments
de Jonge Read
- Jul 12, 2021
- 4 min
How Voluntary is a Creditors' Voluntary Liquidation?
Many creditors avoid forcing a company into liquidation. They prefer the shareholders put the company into liquidation voluntarily. Why?
55 views0 comments
de Jonge Read
- May 12, 2021
- 4 min
Creditors' Voluntary Liquidation - How about the personal side?
In this month’s case study, we look at the case of Jeff whose business suffered severe cashflow problems during the covid pandemic. This...
54 views0 comments
de Jonge Read
- Apr 8, 2021
- 4 min
Garnished with a Garnishee
In this month’s case study, we will look at the disastrous effect on our client of buying the shares in a company rather than the...
72 views0 comments
de Jonge Read
- Jan 12, 2021
- 2 min
Don’t always assume the ATO are correct.
Mr and Mrs Anonymous had placed their business into liquidation in late 2017. Their lodgement of the appropriate documents and forms and...
247 views0 comments
Phil Hamenko
- Oct 30, 2019
- 4 min
How Unsecured Company Debt Turned Into a Secured Personal Debt
This month we look at one of the early warning signs that a business may need pre-insolvency advice – fintech lending. In this instance...
89 views0 comments
de Jonge Read
- Aug 20, 2019
- 5 min
ATO Garnishee Notice – Nothing to Worry About. Guess Again.
This month’s case study looks at the ATO’s ability to issue Garnishee Notices. Garnishees can be powerful and should be taken very...
159 views0 comments
de Jonge Read
- Jul 31, 2019
- 4 min
Well That Escalated Quickly!
This month’s case study looks at the importance of identifying warning signs and how quickly things can change. This case involves a...
119 views0 comments
de Jonge Read
- Feb 18, 2019
- 2 min
When disaster strikes twice
Firstly, we hope everyone in Townsville and other parts of North Queensland which have experienced flooding are safe and well. To all our...
34 views0 comments
Hank de Jonge
- May 16, 2018
- 2 min
Reforms to Combat Illegal Phoenixing
Page 37 of the Budget Measures, Budget Paper No. 2, 2018-19: The Government will reform the corporations and tax laws and provide the...
73 views0 comments
Phil Hamenko
- Nov 8, 2017
- 3 min
Current Developments in ATO Debt Collection Practices
There is no doubt that the ATO is continuing to develop and refine their debt collection processes. In recent times we have seen the ATO...
82 views0 comments
de Jonge Read
- Sep 28, 2017
- 3 min
The ATO – Action Taken for Unpaid Business Debts
In a recent article on Smart Company, it was reported that although small businesses are ‘doing it tough’, the Australian Tax Office is...
166 views0 comments
bottom of page