What is the impact on my personal assets as a director if my company is insolvent?
What is the impact on my personal assets as a director if my company is insolvent? It is a common misconception that if you are a company director and fail to pay the company’s debts when they are due, your…
Read moreWhich industries were hit the hardest by COVID-19?
You may have heard about Virgin Australia Group being placed into administration back in April 2020, or the many retailers having to shut their bricks and mortar stores. These are just some of the examples of the significant impact the…
Read moreAlerting Business Owners: The new JobKeeper might cause bankruptices
The JobKeeper program that provides a wage subsidy to workers of up to $1,500 per fortnight is due to end in September. If you would like to more information on JobKeeper click here However, with the surge of cases in…
Read moreStaying alert: Director’s liabilities not covered by temporary COVID-19 relief laws (Coronavirus)
With some states in Australia potentially experiencing a second wave of COVID-19, many businesses are still struggling to cope with the financial repercussions since the start of the pandemic. As a director, you may be aware of the temporary relief…
Read moreJobkeeper – What does this mean for employers?
You may have heard or is already currently accessing the JobKeeper payment scheme by the Australian Government to support employees and businesses affected by the Coronavirus. This is where the Government provides $1,500 per fortnight (before tax) until the 27th…
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