News & Insights
B. Riley Farber
Date:
30/04/2021
Author:B. Riley Farber 30/04/2021
Thinking About Exiting Your Business? Don’t Let a Pandemic Stop You
Although it may seem counterintuitive, if you've been thinking of exiting your business, right now might be the best time to do so. Glenn Bowman and Barbara Cowper explain why, what you should consider, and provide a step-by-step guide for getting started.
Rodgers Reidy
Date:
28/04/2021
Author:Rodgers Reidy 28/04/2021
The terms bankruptcy and liquidation are often used erroneously. Put simply, bankruptcy relates to an individual and liquidation relates to a company. In Australia bankruptcy is a legal process for an individual (rather than a corporate entity) when they are unable to repay their debts. The Bankruptcy Act 1966 covers insolvency for individuals. Perhaps the reason that terms are used incorrectly arises from the USA where “bankruptcy” is commonly used for a company which is insolvent (the inability to pay its debts when they are due) and companies can file for bankruptcy.
B. Riley Farber
Date:
26/04/2021
Author:B. Riley Farber 26/04/2021
Farber and The Marquee Group Announce Strategic Partnership
A customized financial model can be a powerful tool for business leaders—providing analytical insight that tells a story. Farber has partnered with The Marquee Group to help clients better understand how the decisions they make today will impact their tomorrow.
B. Riley Farber
Date:
20/04/2021
Author:B. Riley Farber 20/04/2021
A Cautionary Tale in Bankruptcy: When HST Came Back to Bite
When the CRA started actively reversing input tax credits for bankrupt companies, interested parties felt the pinch. John Hendriks and Hylton Levy discuss the domino effect this had on one company's Trustee, creditors and even directors—and how it was resolved.
Begbies Traynor Group
Date:
15/04/2021
Author:Begbies Traynor Group 15/04/2021
UK exports recover in February as fears over permanent collapse in EU trade recedes
UK exports to the EU climbed by £3.7 billion in February, in a sharp reversal of the downward trend in January which saw a £5.6 billion plunge in the total value of exports to the bloc, newly published data by the Office for National Statistics (ONS) shows.
Rodgers Reidy
Date:
13/04/2021
Author:Rodgers Reidy 13/04/2021
Australian Insolvency - March 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 March 2021
Rodgers Reidy
Date:
07/04/2021
Author:Rodgers Reidy 07/04/2021
Lunch n Learn Webinar - Binding Financial Agreements
Your client is getting married and you don’t know how to broach the idea of a Binding Financial Agreement (BFA) or exactly what a BFA can achieve for your client. Think about how hard it might be for your client to raise it with their future spouse, and how you can help by understanding the process, risks and benefits.
Begbies Traynor Group
Date:
07/04/2021
Author:Begbies Traynor Group 07/04/2021
What is the Government’s Covid-19 Recovery Loan Scheme?
The new Recovery Loan Scheme (RLS) was launched on 6 April 2021 to provide financial support to businesses across the UK as COVID restrictions are lifted and companies once more begin opening their doors to customers and looking to recover and grow following the coronavirus pandemic.
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. 2000+ Strong team
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