News Articles
The Financial Spring Clean: Maximising SME Opportunities Post-Lockdown
Restrictions have eased significantly in South East Australia, after going in and out of lockdown this past year, but there are still a number of challenges that need to be overcome before businesses can get back to growth. In last week’s episode of Lunch Money, Nicholas Samios was joined by our very own Mark Robinson […]
How does a Trustee in Bankruptcy recover funds when a family home is involved?
The family home is frequently the subject of conflict between the Trustee and the bankrupt’s family. Very often the family home is the only asset that creditors will receive a dividend from. Conflict can make it difficult for the Trustee to quickly and efficiently recover funds from the property for the benefit of creditors. When […]
All Directors to have ONE Director Identification Number!
Directors of a company play an important role and are expected to exercise care, skill, and diligence to protect shareholders, whilst acting in accordance with the company’s constitution. Although the majority of directors aim to do the right thing, many don’t, either because they are unaware of their full responsibilities, or they feel that their […]
Directors under pressure, need to take action NOW!
With COVID wreaking havoc both financially and emotionally, what do directors of struggling companies do to ensure they are not in the firing line when things start to normalise? During these difficult times, directors are under pressure to refocus and make important decisions on all aspects of business, such as corporate strategy, funding and capital […]
Business Valuations – assessing the short-term impact and the long-term value!
COVID-19 has affected every business in some way, and there would be no doubt that every business owner has given some thought as to how it has affected their business and how will the value of their business change. There is no easy answer, there are so many considerations and variables, many outside the control […]
Insolvency – it does not pay to ignore the warning signs!
There are many reasons that can lead a business into financial difficulty at the best of times. With the challenges associated with COVID-19, such as isolations and shutdowns, this has been placing more and more businesses in this situation. Whether a sole trader or a large corporation, “the inability to pay debts when they are […]
Business Viability – getting the right advice at the right time is crucial!
When financial difficulty starts to loom over a business, even the best business owners can go into some sort of denial, resulting in an unwillingness to accept the reality. Often business owners will say things like: I’ll be ok, next month will be better! I’ll keep going, things will turn around soon! I’m not ready […]
Advisory Boards can help rebuild businesses beyond the pandemic!
Being proactive and pooling experience and wisdom are needed to tackle these challenging times and lead businesses into the next ‘normal’. Now, more than ever, advisory boards can play a critical role in achieving this. As we move through different phases of the pandemic, it leaves a trail of disruption to the economy and many […]
COVID-19 and the three waves of insolvency
COVID-19 has significantly impacted Australia’s economy and businesses. There has been much published about the possible insolvency storm ahead. But the reality is, we are still in uncharted waters. Some sectors will bounce back quite quickly, but others will not. The dVT Group has drawn on the expertise of our senior practitioners to prepare a […]
Selling your legacy to achieve financial freedom
SME MASTER PLAN SERIES – PART 4 OF 4 This is the last of our four-part series aimed to help SMEs leverage opportunities to boost their business in these distressing times. You may have restructured your business (see our previous article), you may have accessed the required funding and you may have even achieved your […]