corporations act

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Tips for Accountants when Dealing with Company Liquidators

If one of your clients has entered liquidation, it won’t be long before the company liquidator contacts you. Here’s how to deal with them and their requests.

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Topics: Tax Debt, Business Debt, debt, corporations act, Insolvency, Liquidation, small business, accountants, company debt, company liquidators, letter

When Do Directors Become Personally Liable?

Directors are generally protected from the actions and debts of their company, with exceptions. Here's what directors can be held liable for in Australia.

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Topics: Tax Debt, Business Debt, debt, corporations act, Insolvency, Business, small business restructuring process, Director Liability, personal guarantees, company finances, director insurance, deed of indemnity, phoenix activity

Struggling to Pay Debts and at Risk of Insolvent Trading?

As the ATO ramps up debt recovery and temporary COVID support and protection ends, is your business at risk of trading while insolvent and what should you do?

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Topics: Voluntary Administration, Business Debt, turnaround, insolvent trading, corporations act, insolvent trading penalties, what is insolvent trading

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