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Xero Report Finds Many Australian SMEs Operating in the Red

Xero Report Finds Many Australian SMEs Operating in the Red

In a recent study, cloud accounting firm Xero has found that almost half of small businesses in Australia are currently operating in the red. The findings, which were published by Xero in the first ever edition of their Small Business Insights report, showed that only 50.7 percent of small businesses were …

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Phoenix Companies

Understanding What Phoenixing Companies Are and How They Work

There has been a lot of talk recently about Phoenix Companies and what this actually is. Phoenixing is when a new company is set up using the proceeds from assets and cash of a previous company that was liquidated. These proceeds should be used to pay out creditors, employee entitlements, and the …

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