Extension of temporary relief for financially distressed businesses
Urgent news The rumours have been circulating for the last month, but it is now official, the insolvent trading moratorium for directors and statutory demand protections will be extended to 31 December 2020. Here is today’s media release from The...Read More →
Pause | August 2020
Welcome to Pause | BCR Advisory’s e-news which aims to equip you with the topical insights and knowledge required to support clients in financial distress. This month Pause focuses on GST liability – the sleeper for directors. If there are any topics you would like...Read More →
Pause | July 2020
Welcome to Pause | BCR Advisory’s e-news which aims to equip you with the topical insights and knowledge required to support clients in financial distress. This month Pause focuses on zombie businesses. If there are any topics you would like...Read More →
Pause | May 2020
Welcome to Pause | BCR Advisory’s e-news which aims to equip you with the topical insights and knowledge required to support clients in financial distress. If there are any topics you would like covered in future editions, or with any...Read More →
UPDATED: For accountants in public practice: Helping clients with companies in financial distress
ARITA has updated the special guide for accountants in public practice with information on the temporary relief for financially distressed businesses measures passed in the Coronavirus Economic Response Package Omnibus Bill 2020 on 23 March 2020. You may find this...Read More →
COVID-19: Government Support Package Summary
The table below summarises the key measures announced in the second stimulus package for businesses, their employees and other targeted areas, including earlier announcements. COVID-19: Federal tax support measures announced 22 March 2020 EFFECTIVE FROM CONDITIONS BCR ADVISORY COMMENT BOOSTING...Read More →
No new ways to go broke in business
It’s a commercial reality that people fail in business and there are no new ways to go broke according to insolvency expert John Morgan of BCR Advisory. Addressing more than 60 franchise professionals and accountants at the Franchise Accountants Network...Read More →
How do I know if my company is insolvent?
I am asked this question a lot. Unfortunately, it is never a straightforward answer. A solvency analysis is primarily a cash flow test. However, there are many other factors that need to be taken into consideration including, analysis of the...Read More →
Five important benefits of trade credit insurance
Most businesses insure their property, plant equipment tors ledger. Whether for local or export sales, trade credit insurance can provide a business owner with valuable cover when a client does not pay their dues or becomes insolvent. Five key benefits...Read More →
Retail in Australia 2017 – survival tips
We are witnessing significant changes to our nation’s retail landscape with the collapse of many established retailers and intensifying international competition. How can Australian retailers survive in this environment? Our changing landscape Over the past 12 months, some big retailers...Read More →