Is this business in trouble? Spotting danger on the horizon
Accountants and bookkeepers often have the first opportunities to observe changes in a business, both positive and unfortunately negative. By getting involved with their clients through asking questions and testing their clients’ knowledge of the business and its key performance indicators, they can spot the danger signs that trouble is approaching or at hand. Typically, […]
Restructuring Case Study: Civil Engineering Business
On 5 August 2022, Stephen Dixon and Trent Hancock were appointed as Joint and Several Administrators of two (2) entities operating within the civil engineering industry. The entities’ business operations extended across Victoria and Queensland and were respectively managed by the Companies joint directors. The entities operated alongside other entities within a group structure and […]
HMA Budget Byte: Business Edition
Tax relief for small businesses means they have more money to take on an extra worker, offer an extra shift or buy a new piece of equipment. The Government will deliver more than $21 billion in tax cuts to small businesses from 2015-16 to 2024-25, with around $2.6 billion flowing in 2022-23. This includes lowering […]
New Anti-Phoenixing Legislation
The Federal Government has recently passed new legislation further strengthening its ability to combat illegal phoenix activity and those who engage in it. Illegal phoenix activity has been described by the Australian Securities & Investments Commission as being where a new company is created to continue the business of an existing company that has been […]
Hamilton Murphy’s Stephen Dixon on Ipso Facto rules & how they may apply during the COVID-19 Crisis
Hamilton Murphy’s Stephen Dixon on Ipso Facto rules & how they may apply during the COVID-19 Crisis: