News & Updates
-
ATO Tightens Rules on Interest Deductions
25-09-2025
From 1 July 2025, the Australian Taxation Office (ATO) introduced an important change that affects many small businesses: taxpayers will no longer be able to claim deductions for ATO General Interest charges (GIC). Read More
-
Received a Legal Demand? Here’s What It Could Mean for Your Business
25-09-2025
In this article we outline some of the most common legal demands you may receive from creditors and what they usually signal... Read More
-
Monthly GST Reporting for Non-Compliant Businesses
27-08-2025
From April 2025, the ATO has begun moving around 3,500 small businesses with a history of non-compliance from quarterly to monthly GST reporting. Read More
-
Court Extends Restructuring Proposal Period After the Deadline
27-08-2025
In a recent case involving Sprys Coating Services Pty Ltd, the Federal Court allowed extra time for a restructuring plan to be put forward to creditors – even though the statutory deadline had already passed. Read More
-
Understanding Unfair Preferences: A Recent Case
18-12-2024
A recent case in the Supreme Court of NSW highlights the complexities surrounding payments made to creditors in the lead up to a liquidation, and the need to ensure all creditors are treated equally. Read More
-
Small Business Restructuring: A Roundup for 2024
18-12-2024
Positive outcomes for creditors and stakeholders can be rare in the insolvency business, but our roundup of Small Business Restructuring (SBR) activities over the past 12 months shows how we can achieve great results! Read More
-
Small Business in ATO’s Crosshairs
18-12-2024
The ATO is looking to reduce the revenue gap from small businesses by recovering tax debts and helping them to avoid accumulation of debt in the future. Find out which areas of compliance and collection the ATO will be focussing on! Read More
-
Payday Superannuation
26-10-2024
The government has released further details regarding changes to the payment of employees' Superannuation Guarantee at the same time as their OTE. Read More
-
ATO Debt: Collection Measures to be Bolstered
26-10-2024
ATO payment arrangements that may have been acceptable in the past are no longer being considered and an increasing number of Director Penalty Notice’s (DPNs) are being issued. Are you at risk? Read More
-
Director Penalty Notice … Even if the Company is deregistered!
19-06-2024
The ATO’s renewed focus on debt recovery has seen the daily rate of DPN's issued rise fourfold since mid-May – including some issued to Directors of companies that have already been deregistered! Read More