Blog

Court Ruling on CGT Concession Affects Small Businesses

Court Ruling on CGT Concession Affects Small Businesses

A federal court in Australia recently issued a ruling that would affect how small businesses can avail of the new capital gains tax or CGT concession.  The business owner used an adjacent property as a shed to house tools and equipment. The business owner uses the tools and equipment in his bricklaying …

Court Ruling on CGT Concession Affects Small Businesses Read More »

Search this article
Default on bank loans – how to avoid and what to do when it happens

Default on bank loans – how to avoid and what to do when it happens

Obtaining financing from banks is one of the most common ways a company can extend its cash and expand its business. Banks extend the company’s lifeline. Not only that, banks also serve as unpaid financial advisors whose advice may become most valuable during tough times. It is not unusual for …

Default on bank loans – how to avoid and what to do when it happens Read More »

Search this article
ASIC Releases Hit-List of Illegal Phoenixing Coaches

ASIC Releases Hit-List of Illegal Phoenixing Coaches

The Australian Securities & Investments Commission released a hit-list of coaches who encourage companies to perform illegal phoenixing. Phoenixing, as we discussed in-depth in this article, is not illegal per se. It only becomes unlawful when the new company continues the business of the liquidated company to evade tax liabilities, creditor payments, and …

ASIC Releases Hit-List of Illegal Phoenixing Coaches Read More »

Search this article
Rio Tinto Scraps Dynamic Discounting Amidst Backlash

Rio Tinto Scraps Dynamic Discounting Amidst Backlash

Rio Tinto scrapped its proposed dynamic discounting because of backlash from small- to medium- suppliers. The mining giant says the scheme will benefit its 10,000 suppliers by offering payments within a week. The catch is, the suppliers will need to agree to invoice discounts of up to 2.0%. Following the backlash, …

Rio Tinto Scraps Dynamic Discounting Amidst Backlash Read More »

Search this article
14 Signs Your Business is Insolvent And What You Need to Do to Save It

14 Signs Your Business is Insolvent And What You Need to Do to Save It

Preventing a business from becoming insolvent is difficult. To run a business, you must contend with a lot of factors, some of which may be beyond your control (e.g. economic crisis). Success also does not come easy as it takes long hours of hard work to get even just one …

14 Signs Your Business is Insolvent And What You Need to Do to Save It Read More »

Search this article