News Articles
How does COVID-19 impact business valuations?
COVID-19’s global spread has affected businesses worldwide, dramatically reducing or even completely stopping business outputs amid an unprecedented demand and supply shock. Growing uncertainty within global markets may drive business owners to evaluate the future of their own business and may turn to conducting valuations on their own businesses to determine their current value. But […]
Reduced number of bankruptcies during Coronavirus. Is this good news and what happens come September?
Changes to the bankruptcy laws have kept creditors of individual debtors at bay, and government assistance has probably staved off the need for a debtor to voluntarily seek bankruptcy protection. This has created an environment of hibernation. The focus is on what happens next! In a time of economic crisis which we are experiencing, there […]
Changes to insolvent trading – are we safeguarding or impacting the problem and delaying the inevitable?
In one of our recent articles, we outlined in a nutshell the extensive Federal and State packages available to assist businesses in these difficult times, including JobKeeper, cash flow boosts and various business grants available. However, we are finding that whilst this Government assistance is providing temporary support and relief for many businesses, it may […]
Leadership in troubled times
We have heard it said so many times, but “who saw this coming”? So far 2020 has brought us bushfires, floods and now COVID-19. Things have definitely changed for us all in some way over the past 4-5 months. As leaders, we need to adapt and change as well. In these times, hands-on, proactive, strong […]
Safe Harbour – A practical tool for SME directors and their advisers
What is Safe Harbour? The Safe Harbour law reforms were introduced in September 2017. They have proven to be a useful restructuring tool for companies in financial distress that, in the right circumstances, lead to a ‘better outcome’ for the company. The aim of Safe Harbour is to encourage directors to turnaround a company in […]
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Government Support packages offer great help, but what other options are also available for businesses?
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 […]
COVID-19 Government support packages in a nutshell!
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 […]
Valuable information for directors of companies in financial distress.
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 […]
Director Penalty Notice regime – GST included from 1 April 2020!
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 […]