Understanding Section 66G Imagine a three-way tug-of-war over a family home, or business partners locked in an endless stalemate over their commercial property. When the dream of property co-ownership turns... read more →
Australian Taxation Office (ATO) is continuing to issue Director Penalty Notices (DPN) to recover outstanding tax. Good. What is a Director Penalty Notice? A DPN is a formal notice issued... read more →
Current State of Small Business Debt A recent speech from ATO Deputy Commissioner Will Day indicates that while there has been a slowdown in ATO debt growth, collectable debt remains... read more →
What is Provisional Liquidation? Provisional liquidation is a process under the Corporations Act 2001 (Cth) where a company is placed into a temporary form of liquidation by court order. A... read more →
As 2024 draws to a close, we wish you a wonderful holiday season and new year. From ATO debt recovery issues to SBR and property disputes, our 2024 blogs and... read more →
What is a Director Penalty Notice (DPN)? A DPN is a Notice that the ATO can send a director. A DPN can make that director personally liable for three types... read more →
Below, we share insights and case studies that highlight our role and strategies in addressing diverse financial challenges. Case Study: Building & Construction Levi Consulting was appointed liquidator for a... read more →
What is SBR? Navigating financial distress is a daunting challenge for a small business. However, the Small Business Restructuring (SBR) process, established under Part 5.3B of the Corporations Act 2001,... read more →
Overview Voluntary administration is a corporate rescue process under Australia's Part 5.3A of the Corporations Act 2001. The primary aim is to maximise the chances of the company’s continuation through... read more →
CreditorWatch’s recent Business Performance Report reveals troubling trends for the hospitality sector, with 16.2% of businesses rated as high risk and a projected closure rate of 8.9% over the next 12 months. Key... read more →