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February 2008
NEWS LETTER SUMMER 2008
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices and their...
February 2008
DIRECTOR'S PENALTY NOTICES
DIRECTOR’S PENALTY NOTICESIT DOESN’T MATTER THAT YOUR CLIENT NEVER RECEIVED THE NOTICE! Many directors appear to hold the...
October 2007
BANKRUPTCY AND SELF MANAGED SUPERANNUATION FUNDS
Prepared by Dean McVeigh, Timothy Holden and Michael Ennis.Presented by Dean McVeigh at the...
September 2007
NEWS LETTER WINTER 2007
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices and their...
September 2007
HAVE YOU ASKED YOUR CLIENT THE QUESTION?
HAVE YOU ASKED YOUR CLIENT THE QUESTION? When was the last time you asked your client whether they had “Retention of Title” on the supply...
September 2007
PERSONAL GUARANTEES
PERSONAL GUARANTEES On many occasions your clients will be supplying goods and services to its customers on credit and where the customer...
June 2007
NEWSLETTER AUTUMN 2007
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices. In this...
June 2007
THE SGC DOUBLE "WHAMMY"
THE SGC DOUBLE "WHAMMY" The Superannuation Guarantee Charge (“SGC”) is a tax that arises under the Superannuation Guarantee...
June 2007
SECTION 197 - STING IN THE TAIL!
SECTION 197 - STING IN THE TAIL!Amendments were made to Section 197 of the Corporations Act several years ago to reduce the exposure to...
June 2007
NATIONAL INSOLVENT TRADING PROGRAM
NATIONAL INSOLVENT TRADING PROGRAM Recently we met with the ASIC representatives who had visited Cairns to undertake the National...
June 2007
FREE ONE HOUR INITIAL CONSULTATION
FREE ONE HOUR INITIAL CONSULTATION Fortunately most of your clients won’t ever need our help, but it’s a certainty that some will benefit...
February 2007
NEWSLETTER SUMMER 2007
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices. In this...
February 2007
GARNISHEE NOTICES - YOUR RESPONSIBILITIES
GARNISHEE NOTICES - YOUR RESPONSIBILITIES Most Insolvency Practitioners that we speak with believe that the use of Garnishee Notices by...
February 2007
INDICATORS OF INSOLVENCY
INDICATORS OF INSOLVENCY Insolvency, by definition, is an inability to pay your debts as and when they fall due. In short, it is...
February 2007
FREE ONE HOUR INITIAL CONSULTATION
FREE ONE HOUR INITIAL CONSULTATION ACT SOONER RATHER THAN LATER! We see much too often businesses and individuals who don’t recognise the...
September 2006
NEWSLETTER SPRING 2006
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices. In this...
September 2006
THE DEMISE OF DISCRETIONARY TRUSTS?
The Court is now prepared, in insolvency matters, to “look through” the discretionary trust structure to determine the ownership of assets. This...
September 2006
WILL SEVERING JOINT TENACY PROVIDE SOME ASSET PROTECTION TO MY CLIENT?
How many accountants have considered the severing of joint tenancy of a property as a means of asset protection for their clients, particularly...
September 2006
CUMMIN'S CASE - IS THE FAMILY HOME STILL SAFE?
Most of you would be aware of the decision of The High Court in Cummins wherein the Court said “where a husband and wife...
June 2006
NEWSLETTER WINTER 2006
This publication is produced by Foremans Business Advisors specifically...
June 2006
PROVABLE DEBTS IN BANKRUPTCY - WHY IS THE ATO ABLE TO OFFSET A TAX REFUND POST BANKRUPTCY?
On the bankruptcy of an individual one of the general intentions of the Bankruptcy Act 1966 is to free an insolvent person from his or her...
June 2006
WHAT DEBTS ARE NOT PROVABLE IN BANKRUPTCY?
Some debts that are not provable in bankruptcy include: unliquidated damages otherwise than by reason of breach of contract, promise or...
June 2006
PERSONAL LIABILITY OF DIRECTORS
In the Autumn 2006 edition we considered the exposure by directors to personal liability arising out of Section 222AOE Notices under the Income Tax...
March 2006
NEWSLETTER AUTUMN 2006
This publication is produced by Foremans Business Advisors specifically focusing on insolvency issues relevant to accountancy practices. In this...
March 2006
BEWARE! DIRECTORS PENALTY NOTICES
The ATO in 1993 surrendered their right to any dividend priority in corporate insolvency administrations on the basis that they obtained the...
March 2006
GEERS - SOMETHING TO SMILE ABOUT
The insolvency of a business is a distressing time for the owners of the business who may have lost their hard earned investment but spare a...