When a business faces financial trouble, liquidation is one possible path – even for profitable companies. But why? This article explains what liquidation is, how it works, and when it makes sense.

The ATO is cracking down on businesses failing to meet their GST and PAYG obligations – with billions in unpaid tax at stake and stricter enforcement underway. If your business has outstanding debts, now is the time to act.

Australian businesses are resilient, but financial challenges can arise. The Small Business Restructure (SBR) offers a path to stability and success. Here, we share anonymised examples of businesses that have recovered and flourished.

In today’s unpredictable economic landscape, ensuring your business is financially resilient is more important than ever. Whether dealing with market volatility, rising interest rates, or unexpected disruptions, stress testing your business provides valuable insights into its capacity to withstand financial shocks. By identifying vulnerabilities early, you can implement strategies to strengthen your business’s position and safeguard its future. This guide outlines the steps to conduct financial stress tests for your business and assess its resilience against potential challenges.

Navigating financial challenges can be daunting for small businesses, but the Small Business Restructuring (SBR) process offers a viable pathway to recovery. Introduced as part of Australia’s insolvency reforms in January 2021, the SBR process is specifically designed to help small businesses manage their debts while continuing to operate. Understanding the eligibility criteria is essential for businesses considering this option. Here, we break down the financial and operational requirements for qualifying for the SBR process.

Running a business in Australia comes with many responsibilities, and as a company director, one of the most significant is ensuring the company meets its legal obligations. However, when a business faces financial trouble, directors can find themselves at risk of personal liability if they fail to act appropriately. Understanding how to protect yourself legally during insolvency is critical for directors who want to navigate this challenging time responsibly and avoid potential consequences.Here’s what you need to know about avoiding director’s liability when your business is in financial distress.