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    Well That Escalated Quickly!
    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 situation with the ATO, where events quickly spun out of the director’s control, and how getting professional advice quickly can make a massive difference. Background We received a call from an accountant who attended an instalment in our de Jonge Read Seminar Series. The accountant’s client operated a small transport business through a company,
    81 views0 comments
    Client reviews - not a problem now, but what about the future?
    Phil Hamenko
    • May 22, 2019
    • 3 min

    Client reviews - not a problem now, but what about the future?

    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 since the same time twelve months ago. Maybe the meeting will be with that new client who they just brought on. As specialists in assisting company directors and individuals in financial distress we often get ask
    37 views0 comments
    I need $300,000 for the business so I can get out!!!
    Phil Hamenko
    • Mar 19, 2019
    • 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 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 out of their business and on with the rest of their lives. BACKGROUND Our client owned a café, but the business was struggling to meet its commitments. Prior to engaging with de Jonge Read the client spoke
    73 views0 comments
    Ignorance Is Not Always Bliss
    de Jonge Read
    • Mar 1, 2018
    • 3 min

    Ignorance Is Not Always Bliss

    Many business owners set out with a view that the sky will always be blue. Maintaining a positive outlook is important however, as we all know, the weather can change unexpectedly and quickly. All too often we meet with business owners who are neither aware nor prepared for the impact an adverse event can have on them and their family personally. We often liken this to being caught in the rain without an umbrella. In our role as advisors raising awareness of key risk areas
    71 views0 comments
    The ATO – Action Taken for Unpaid Business Debts
    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 continuing its aggressive pursuit of businesses. From November 2016 to June 2017, 46% of all wind-up order applications for companies came from the ATO. Although the number of ATO instigated wind-ups are down from when they started their campaign to recover revenue owing to the government, there is no doubt that the ATO is maintaining its agg
    147 views0 comments
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