Aug 16 / Posted by David Brown

12 Point Checklist

Some Important Responsibilities/Obligations of Directors: Does any director have a contract with the company? And does this give rise to any conflicts of interest between any director and the company? Are all registers kept and maintained up to date? General offences Particulars of registered office to be kept current Register of Directors to be kept […]

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Jul 5 / Posted by David Brown

The Australian Taxation Office Directors ...

The ATO has a number of ways to recover debts from companies and directors, one being via a director penalty notice whereby the Tax Office can issue these notices to directors to make them personally liable for two types of company tax debts, namely: Pay-As-You-Go Withholding Tax (PAYG) Superannuation Guarantee Charge (SGC) There are two types of […]

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Full length of stressed businessman sitting on steps outside office

Jun 21 / Posted by David Brown

Financial problems faced by business

        Generally speaking, and in the first instance, only a drastic reduction in overheads or a substantial injection of capital can return a business to profitability assuming that this is achievable, otherwise some formal treatment will be required. If a return to profitability is possible, the directors of a company should immediately […]

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Jun 6 / Posted by David Brown

What is Voluntary Administration?

A company that should consider a Voluntary Administration is one that is insolvent and needs a deal with creditors in a formal way. A Voluntary Administrator is the person appointed by the directors and must be a Registered Liquidator who can assess all the options available, and recommend the best outcome for the company and […]

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May 30 / Posted by David Brown

Understanding Bankruptcy

There be alternatives. Once you have been declared bankrupt you give up control of your finances and assets to a Trustee in exchange for protection from legal action being taken against. Depending on your financial situation, there may be alternatives to bankruptcy such as formal arrangements. Bankruptcy has consequences which you should know about, as […]

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May 9 / Posted by David Brown

People who cannot buy a home are told to get ...

If Government were to embark on a capital expenditure program (Good Debt), developing a system for the movement of water from the North of Australia where there is in more abundant supply for a sizeable part of the year, down through and into Western and Central Queensland and Western and Central NSW, there would be […]

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Apr 5 / Posted by David Brown

Business Risk Advisory Advice

Providing good business advice is a highly specialised area that requires experience, skill and judgement.

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Aug 22 / Posted by David Brown

Personal Asset Risk Reduction Strategies

Directors should be fully informed about their duties and obligations to avoid exposing them to personal liability.

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