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CORONAVIRUS COVID-19: BUSINESS SURVIVAL TIPS AND TECHNIQUES

CORONAVIRUS COVID-19 BUSINESS SURVIVAL TIPS AND TECHNIQUES Never before have we witnessed such an immediate and devastating financial and economic impact on a global scale. Many businesses have lost a significant portion of their revenue overnight. The loss in revenue does not have an equitable change in fixed overhead costs on top of the invoices […]

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Anti-Phoenix Legislation – CREDITOR DEFEATING DISPOSITIONS

New legislation to combat illegal phoenixing came into effect on 18 February 2020. The legislation provides additional powers to liquidators, Australian Securities & Investment Commission (“ASIC”), and in certain circumstances creditors by introducing Creditor Defeating Dispositions. The intention is to prevent companies from transferring assets to a newly created related entity and leaving the debts […]

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Company Directors Personal Liability for GST

Company directors can now be personally liable for unpaid GST. The new laws takes effect from 1 April 2020. It does not apply to GST liabilities that have accrued prior to that date. The new laws follow the current Director Penalty Notice Regime that apply to PAYG and Unpaid Superannuation. The law can be summarised […]

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SEASON’S GREETINGS AND CNS PRECISION ASSEMBLY

The team at Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2020. In lieu of sending Christmas cards, we have made a donation to the benefit of the CNS Precision Assembly. Their website can be viewed here: www.cns.org.au. This donation will assist in the […]

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THE CREDIT CONUNDRUM AND THE PPSR

Prior to accepting an appointment as company liquidator, we always conduct a company search.  That search includes, amongst other things, a credit check report, which includes details of enquiries, defaults logged etc. Invariably these reports disclose that the company that is about to enter liquidation has a remarkably good credit score.  This leads us to […]

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SEASON’S GREETINGS AND CDKL5 RESEARCH

  The directors and staff of Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2019. Following on from last year we have made a donation to the Epilepsy Foundation that will benefit CDKL5 Research in lieu of sending Christmas cards. CDKL5 is a rare […]

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