insolvency

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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

No Longer Require Your Company? Access Cash Flow Boost Tax-Free in a Members' Voluntary Liquidation

Is your business struggling and are you considering members’ voluntary liquidation? Find out how any surplus cash flow boost will be treated for tax purposes.

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Topics: Director Advice, Business Debt, turnaround, reduce business debt, business finance, common questions, business viability, small business finance, Insolvency, cash flow boost eligibility, ATO cash flow boost, NANE income, members voluntary liquidation

Debt vs Equity Financing - Which is Best to Fund Your Business?

Need to raise quick working capital or refinance or your business? Your two options are debt financing or equity financing. Learn the pros and cons of each.

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Topics: Director Advice, Turnaround & Restructuring, Business Debt, reduce business debt, small business restructuring, business finance, equity financing, small business finance, Insolvency, business funding, debt financing

Suspect Your Company is Trading Insolvent? 6 Steps to Take

If your company is experiencing a cash flow or liquidity crisis, you need to consider whether it can still pay its debts when they become due. If it can’t, then your company may be insolvent.

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Topics: Director Advice, Business Debt, Insolvency, Liquidation

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