News & Insights
Rodgers Reidy
Date:
29/03/2021
Author:Rodgers Reidy 29/03/2021
Directors' Personal Liability for Company Taxation Debts & Superannuation
With the Jobkeeper subsidy having now ended, it is a timely reminder for directors to understand the personal liability they can face for Company tax debts. In April 2020 the ATO added GST, Luxury Car Tax ("LCT") and Wine Equalisation Tax ("WET") to the list of taxation debts for which a director can be held personally liable. The ATO can also impose a 200% penalty on employers who do not lodge their Superannuation Guarantee Charge (“SGC”) statement on time. Given the draconian effects that these laws can have on the company and the directors’ personal financial position we set out below a short summary of the laws which should be required reading for all directors and their advisors.
Rodgers Reidy
Date:
26/03/2021
Author:Rodgers Reidy 26/03/2021
What is the Fair Entitlement Guarantee scheme?
The Fair Entitlements Guarantee (“FEG”) is a scheme introduced by the Australian Government for employees who have lost their job due to their employer being either declared bankrupt or placed into liquidation. In circumstances where the insolvent employer is unable to meet outstanding entitlements owing (excluding superannuation), the FEG scheme will act as a safety net for these employees and will pay these entitlements in accordance with the Fair Entitlements Guarantee Act 2012 (FEG Act). Date:
22/03/2021
Author:Begbies Traynor Group 22/03/2021
Early year collapse in the UK’s trading volumes with the EU is not a harbinger of things to come
UK goods trading with the EU fell substantially in January. UK goods exports and imports to the EU plunged by £5.6bn (41%) and £6.6bn (29%) respectively, according to the Office for National Statistics (ONS), in the most precipitous monthly decline since records began in 1997.
Begbies Traynor Group
Date:
17/03/2021
Author:Begbies Traynor Group 17/03/2021
New Guernsey Office for BTG Global Advisory
BTG Global Advisory founding member, Begbies Traynor Group plc has today completed the acquisition of David Rubin & Partners Limited. This represents the largest acquisition the Group has undertak
Rodgers Reidy
Date:
16/03/2021
Author:Rodgers Reidy 16/03/2021
Lunch n Learn Webinar - Strained Relations
The current trade war with China and what it means for Australia As we leave the Year of the Water Rat for the Metal Oxen, we leave behind a year of anxiety and change for one of hard work and stability. To better understand what is happening, where it may end and maybe some tips on navigating the maze, we've put together a panel of experts on trading with China for our next Lunch n Learn session.
Begbies Traynor Group
Date:
16/03/2021
Author:Begbies Traynor Group 16/03/2021
Head Of Begbies Traynor Group Cyprus Office Is Granted Cypriot Insolvency Practitioner Licence
Darren Reeds, head of Begbies Traynor Group’s office in Cyprus has been awarded a Cypriot Insolvency Practitioner Licence. The licence was granted by the Cyprus regulatory body, The Cypriot Insolven
B. Riley Farber
Date:
15/03/2021
Author:B. Riley Farber 15/03/2021
Exclusive Advisor to Special Committee of Brampton Brick Limited
Farber Corporate Finance Inc. acted as the exclusive financial advisor and provided a fairness opinion to the Special Committee of the Board of Directors of Brampton Brick Limited.
Begbies Traynor Group
Date:
10/03/2021
Author:Begbies Traynor Group 10/03/2021
Sunak’s ‘spend big now, tax big later’ Budget
More than 20 million people around the UK have now received a first dose of the Covid-19 vaccine, marking the fourth-highest vaccination rate worldwide. The UK government aims to extend coverage to everyone over 50 or at risk by 15 April and all adults by 31 July. It paves the way for Prime Minister Boris Johnson’s new four-step “roadmap” to ease England’s lockdown.
Rodgers Reidy
Date:
05/03/2021
Author:Rodgers Reidy 05/03/2021
Australian Insolvency - February 2021
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for February 2021 including:
Begbies Traynor Group
Date:
03/03/2021
Author:Begbies Traynor Group 03/03/2021
Chancellor discontinues flagship Bounce Back Loan Scheme amid flurry of new fiscal measures
Chancellor Rishi Sunak announced the dissolution of the UK government’s highly popular Bounce Back Loan Scheme (BBLS) in his Budget this lunchtime, which included £65 billion in new fiscal measures to support the UK’s economic recovery from the pandemic.
B. Riley Farber
Date:
02/03/2021
Author:B. Riley Farber 02/03/2021
Thinking about exiting your business? Don’t let a pandemic stop you
There’s no doubt the pandemic has disrupted most businesses’ strategic plans, but if you’ve been thinking of exiting your business, now could be the ideal time. Glenn Bowman and Barbara Cowper explain why and provide a step-by-step guide for getting started.
B. Riley Advisory Services
Date:
01/03/2021
Author:B. Riley Advisory Services 01/03/2021
B. Riley adds compliance, risk & resilience consulting practice led by Scott Corzine and Duane Lohn
B. Riley Financial, Inc. (NASDAQ: RILY), a leading provider of financial services and business advisory solutions, today announced the addition of a Compliance, Risk and Resilience practice to its financial consulting division, B. Riley Advisory Services. Begbies Traynor Group
Date:
25/02/2021
Author:Begbies Traynor Group 25/02/2021
Defeating zombification of the UK economy is an urgent challenge
The origin causes of ‘zombie’ firms will maintain pressure on banks, and the government, to exercise a greater fiduciary duty in managing distressed SMEs and corporates. This will skew banks’ preferred strategy towards corporate turnarounds, rather than insolvencies, in the management of defaulted loans. Rodgers Reidy
Date:
22/02/2021
Author:Rodgers Reidy 22/02/2021
Australian Insolvency - January 2021
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for January 2021 including:
Begbies Traynor Group
Date:
22/02/2021
Author:Begbies Traynor Group 22/02/2021
Pandemic policy responses by the UK government and the Bank of England (BoE) and the reaction from corporates have created the right conditions to breed a new generation of ‘zombie’ companies that could drag on the UK economy if left unchecked.
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