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‘Extended insolvency protections will prolong the inevitable insolvency cliff’

‘Extended insolvency protections will prolong the inevitable insolvency cliff’

by Shared by MyBusiness | Sep 8, 2020 | News

New data from Prushka Fast Debt Recovery has revealed a significant decline in the number of liquidations and administrations since April this year, with voluntary liquidations down by a staggering 53 per cent year-on-year between June and August.   Read more at...
ATO monitoring new compliance item in SAN misuse mailout

ATO monitoring new compliance item in SAN misuse mailout

by Shared by Accountants Daily | Sep 8, 2020 | News

Last year, the ATO began issuing SMSF auditors with a list of funds that have quoted their SMSF auditor number (SAN) in order to identify instances where their auditor number has been misused.  Read more at the Accountants Daily. 
Extension of insolvency relief for financially distressed businesses

Extension of insolvency relief for financially distressed businesses

by Maja Garaca Djurdjevic | Sep 7, 2020 | News

The government has announced that regulations will be made to extend the temporary increase in the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive. The changes will also...
Andrews’ roadmap dubbed a ‘death sentence’ for business

Andrews’ roadmap dubbed a ‘death sentence’ for business

by Shared by MyBusiness | Sep 7, 2020 | News

The much-anticipated roadmap unveiling didn’t go quite as planned on Sunday, with Premier Dan Andrews announcing that Melbourne will remain under tight restrictions until at least late October, prompting business lobby groups to voice their concerns. Read more at...
SMSF firm taken to court over alleged advice failures

SMSF firm taken to court over alleged advice failures

by Shared by SMSF Adviser | Sep 7, 2020 | News

In a public announcement, ASIC stated that it has commenced proceedings in the Federal Court of Australia against Dixon Advisory and Superannuation Services Limited (Dixon Advisory), a subsidiary of ASX-listed Evans Dixon Limited. Read more at SMSF...
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