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 →
Top 5 warning signs of business failure
Top 5 warning signs of business failure When financial pressure is mounting, a company director has a lot of noise to deal with. In this situation, a small business owner can become blinkered and miss the obvious warning signs in... Read More →
The ATO’s stronger debt collection measures
The ATO’s stronger debt collection measures The Australian Tax Office (ATO) has implemented stronger debt collection measures to counter the recent increase in tax debt of small business owners. The Sydney Morning Herald recently reported an increase in Australian tax... Read More →
Federal government safety net for employees
Federal government safety net for employees When an employee loses their job through the liquidation or bankruptcy of their employer, they will have recourse to a federal government safety net called the Fair Entitlements Guarantee (FEG) for protection of certain... Read More →
Personal bankruptcy – what you need to know
Each year, it seems the stigma associated with bankruptcy continues to fade just a little…but should it? While every individual’s situation is different and needs to be considered on its own merits, there are upsides and downsides to filing for bankruptcy... Read More →
2017 Federal Budget – What you need to know
In delivering his second Federal Budget last night, Scott Morrison, Federal Treasurer, has committed to the principles of “fairness, opportunity and security”. Bentleys’ team of tax experts has reviewed the budget in detail. Click here to read our full report on key tax and... Read More →
Safe harbour protection – a step closer for directors
In December 2015, the federal government announced that, as part of the National Innovation and Science Agenda, insolvency laws would be reformed to include a “safe harbour” for directors. The announcement came in response to the government recognising that insolvency... Read More →