Category Archives: News Articles

In these difficult and trying times, with the COVID-19 restrictions on our businesses and personal life, we need to be resilient and stay positive on both accounts. Our lives are changing because of COVID-19 While the travel, hotels, hospitality and entertainment industries have been badly hit, basically losing their entire revenue overnight, it is all […]

Our dVT Strategy team have put together a summary of all the packages available to assist sole traders and businesses in these difficult times. It covers both Federal and State support packages, as well as the various business grants that may be available to assist businesses. Click on the relevant links below for detailed information: Assistance […]

The impact of the recent drought, bush fires, floods and now COVID-19 is causing significant financial distress to companies. Indeed, for many companies, cash flow has slowed to a trickle or even stopped completely. Listed below are the latest information sheets issued by ARITA (Australian Restructuring Insolvency & Turnaround Association) that may be helpful for directors whose companies are experiencing […]

The Director Penalty Notice (DPN) regime has been amended to make directors of a company personally liable for specified taxation liabilities, including GST, wine equalisation tax (WET) and luxury car tax (LCT).    These amendments provides the ability for the ATO to make estimates of the amounts outstanding if returns are not lodged. The changes apply to […]

To survive and continually grow a business in today’s economic environment is always a challenge.  Businesses are constantly looking for different ways to do this and can often become overwhelmed with what to do or how to do it. As a professional service provider, if your client is considering expanding to a new area, be […]

Directors do not wake up one day and say “wouldn’t it be a good idea to wind up the company!”  It is either something that happens slowly and gradually (the “boiling frog” syndrome!) or something unexpected, like a devastating bushfire, that grabs them by surprise.  As well as managing the day-to-day business activities and finances, […]

Business owners need to ensure they get the right advice to ensure they are adhering to all the different awards in relation to employee wages and entitlements, as breaches of the Fair Work Act can be a criminal offence that can lead to severe fines or even imprisonment.  Ignorance is no defence!  The high profile […]

A recent Federal Court decision regarding employment law will affect all businesses in Australia, with wide-ranging implications for employers who do not abide.  This is essentially due to a change in what was considered a “standard working day!” On 21 August 2019, in Mondelez v AMWU & Ors [2019] FCAFC 138, the Full Federal Court […]

For many of us, ownership of a residential strata apartment is a successful way of fulfilling the need for a private dwelling, but it comes with the shared responsibility for maintenance and upkeep with other owners. As we are now seeing in many cases, the situation can become difficult when strata unit owners are being […]

In the challenging event of bankruptcy, your super funds could be off-limits to creditors and may even be used to fund asset purchases. The Bankruptcy Act states that, if a person becomes bankrupt, funds held in a person’s regulated super fund are protected and unavailable to creditors. In addition, a bankrupt person can withdraw money […]