Beware the new laws tackling Phoenix activity

Illegal Phoenix activity is when a new company is created to continue the business of an existing company that has deliberately liquidated to avoid paying outstanding debts, including creditors, taxes and employee entitlements. Throughout February to April 2020, the Treasury Laws Amendment (Combatting Illegal Phoenixing) Bill 2019 was passed by Federal Parliament and the relevant [...]

2020-09-10T03:37:48+00:00September 10th, 2020|Business Advice, Corporate Advisory|Comments Off on Beware the new laws tackling Phoenix activity

Government Investigation into Superannuation Guarantee Compliance

In efforts to tackle employer non-payment of the superannuation guarantee (SG), a new government working group has been established including representatives from the Australian Tax Office, Treasury, the Department of Employment,, the Department of Employment, ASIC and the Australian Prudential Regulation Authority.  This working group is expected to release a final report in March which [...]

ASIC’s Money Smart – ‘First Business’ Free App

ASIC has released a Free App for young entrepreneurs to start their own business.  The App includes health checks, practical tips, checklists and case studies to assist in the development and ongoing needs of running a small business. ‘First Business’ Thinking about starting your own business? ASIC's First Business app helps you work towards starting [...]

2017-06-27T04:05:48+00:00March 6th, 2017|Business Advice|332 Comments