News Articles
The Voice of the Customer: Are You Listening?
Customer satisfaction has always been crucial to the success of a business. However, the key is to prioritise to ensure you are listening to the right customer and then quantify and use the feedback to help attract more customers like them. Smart businesses owners know that the success, or even the survival, of a business […]
Do Bankruptcy and Debt Outlive You?
Have you ever stopped to consider what would happen if you died bankrupt? Obtain a general understanding of the different situations and how you may avoid placing an unnecessary burden on family and friends. Like most of us, at some point, you will give serious consideration to making end-of-life arrangements. When you prepare your Will, […]
When a business starts to fail – the new law affecting companies, suppliers and advisors!
A long overdue reform on the operation of IPSO Facto Clauses to increase the chances of companies facing difficulty to either return to successful future operations or to improve returns for all involved in the event of an insolvency event! Running a business is hard at the best of times, what with keeping customers happy […]
Goodbye to trading names from ABN Lookup!
Read about the changes when using ABN Lookup and how best to register business names after 1 November 2018. ABN Lookup is the public view of the Australian Business Register (ABR). It provides access to publicly available information supplied by businesses when they register for an Australian Business Number (ABN). Presently, ABN Lookup displays all […]
Allocating equity between siblings: entitlement vs reward!
How do family companies allocate equity between siblings considering the work done in the company and their entitlement to a “hereditary” share of the company? At dVT Strategy, we have been working with several family companies around setting up their businesses for generational change. This has resulted in some very interesting family dynamics being highlighted. […]
Business Mentors: a secret weapon behind thriving businesses!
We are all aware of the numerous challenges business owners face when running a business. These challenges can be grouped into three key areas being: Having the skills and experience needed across every aspect of the business: Most businesses are started by people that have an idea, skill or passion for a particular product or […]
Disrupting Bankruptcy? Change from three to one year period.
The period of time during which a person remains bankrupt is being reduced from three years to one. But while most of the restrictions of being bankrupt will be removed after one year, some will remain; in particular the obligation to continue to pay contributions from income for the full three years. The changes to […]
Business Valuations: putting the “value” in “valuations”
There are a number of reasons why business valuations are done – maybe it’s the sale of a business or developing employee share option schemes. It could be to resolve shareholder disputes or maybe to determine an appropriate market value for taxation purposes. Providing quality business valuations is a growing part of the services we […]
Avoiding the slippery and winding path of phoenix activity!
The ATO and ASIC have again been in the headlines recently in relation to phoenix* activity and whilst this makes for good reading, it presents a sound reminder to all of us about the consequences of heading down the slippery and winding path of phoenix activity. This activity may be tempting for many due to […]
Anticipate, Adapt, Apply: Dealing with change in Government Law Reforms.
You’re probably aware of the proposed reform of laws relating to tax, wages and super. Disruption ahead? Maybe. But it’s not bad news for businesses that are doing the right thing. You just need to know what they are and keep on top of the changes. A wise man once said, “There is nothing permanent […]