WHEN THE ATO AND OTHER CREDITORS CALL – DO NOT “BURY YOUR HEAD IN THE SAND”
DO NOT “BURY YOUR HEAD IN THE SAND” “Burying your head in the Sand” Incorrectly derived from the myth that Ostriches bury their heads to avoid prey, it is a common idiom meaning “a wilful ignorance or refusal to confront or think about a problem or unpleasantness”. The reality is that even if you could […]
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RESTARTING YOUR BUSINESS IN THE SHADOW OF “COVID” DEBT
RESTARTING YOUR BUSINESS IN THE SHADOW OF “COVID” DEBT As businesses are re-emerging from COVID affected trading conditions, the ATO has signaled its intent to highlight non-compliant taxpayers. Whilst the ATO has to date restrained from instituting recovery action, providing a reprieve for businesses. This has also meant that non-viable businesses remain in the marketplace. […]
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DIRECTOR RESIGNATIONS
DIRECTOR RESIGNATIONS From 18 February 2020 new laws encompassed within the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 (Bill) commenced having passed through Parliament and receiving royal assent on 17 February 2020. These laws included: Creditor defeating dispositions Director resignations DPNs for GST, WET and LVT Retention of tax refunds. Please refer to our previous […]
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SIMPLIFIED LIQUIDATION
On 10 December 2020 the Federal Government passed the Corporations (Corporate Insolvency Reforms) Act 2020 (Cth) which included measures designed to assisting small business with restructuring as well as a simplified liquidation. Our recent blog on Small Business Restructuring which can be found at the following link: Small Business Restructuring Process (SBR) These laws commenced […]
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SMALL BUSINESS RESTRUCTURING PROCESS
On 10 December 2020 the Federal Government passed the Corporations (Corporate Insolvency Reforms) Act 2020 (Cth) which included measures designed to assisting small business with restructuring as well as a simplified liquidation. These laws commenced on 1 January 2021 and are now another option available to eligible small business that are suffering financial distress. Over […]
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SEASONS GREETINGS – CAMP QUALITY – HELPING KIDS FIGHTING AND ISOLATED BY CANCER
The team at Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2021. Our Christmas donation this year has been made to Camp Quality. With over 1,000 kids fighting cancer having missed out on a camp in 2020 due to COVID-19, they need all the […]
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New Small Business Insolvency Laws – Temporary Laws Lapsing – Insolvency – Staff Training Offer
2020 – A year of change like no other and the insolvency sector is far from exempt. At the commencement of the pandemic the Federal Government introduced Temporary Insolvency Laws providing a temporary expemption from Insolvent Trading and increases the the thresholds and time for compliance with a Statutory Demand. These temporary laws are due […]
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