SV Partners is pleased to announce the opening of our new office presence in Adelaide. For over 16 years, SV Partners has been proudly offering specialist accounting and advisory services to professionals and their clients along the eastern seaboard, Perth and now, with its newly established presence in Adelaide. With this expansion, SV Partners welcomes two new members to the team, Stuart Otway and Alan Scott. They bring a wealth of knowledge and...
In a recent conversation with a lawyer, it became apparent that this question does not necessarily have a quantifiable answer. When discussing the payment options that this lawyer offers to his clients, an important question was raised, “what do I do if I am losing clients over fees, and how do I remain fee competitive and increase revenue from new clients?” Professionals (particularly accountants) often mention they are conflicted with the...
1. So Bankruptcy lasts 3 years right? Not for fictitious Ken who completed and dated his statement of affairs (the document that kick starts the bankruptcy period) (SOA) before he was even made a Bankrupt by the Court. Some key lessons from this case: (a) don’t be too over-eager and pre-date your SOA; (b) when you submit your SOA, make sure it has been received and accepted; and (c) ask questions...
On the 22 October 2019, the Government passed new reporting laws permitting the ATO to release tax debt information of businesses to registered credit reporting bureaus (CRBs). The law received royal assent on 28 October 2019. Under the law, tax debt information of a business may only be released by the ATO provided the business meets all the following criteria: “it has an Australian business number (ABN), and is not an...
Fast forward to February 2020, to a time when Christmas Day has been long forgotten and the New Year has come and gone. January has been slow and spent recovering, or battling your competitors for your slice of the January sales. You are sitting down enjoying your morning coffee going through your emails, when you are reminded that your December Business Activity Statement is due in a matter of days. What...
As accountants, there are a number of financial warning signs you would see your clients experiencing that need further attention. There are also a number of non-financial signs which may be less apparent but are equally as important. Accountants are at the forefront of being able to identify financial warning signs of distressed companies and are in a good position to assist clients obtaining professional advice and mitigating their risks...
As you may know the Personal Property Securities Act 2009 (“the PPS Act”), which established the Personal Property Security Register (“PPSR”), came into effect on 30 January 2012. What is surprising is that some seven years later, companies and individuals are still failing to validly register their PPSR interest, resulting in the loss of hundreds of thousands, if not millions of dollars in security. The purpose of the PPSR was to provide...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Soapbox Ai is an online workflow automation system. The Company has developed its own software and licences the software to users via annual subscriptions. Revenue $306,553 FY19. Urgently seeking Expressions of Interest Jason Porter of SV Partners as Administrator of the Company is seeking urgent Expressions of Interest from interested parties for the purchase of the Intellectual Property owned by the Company. The IP of the...
The National Australia Bank (NAB) Professional Services Insights Report (2018) found that small and medium sized enterprises (SMEs) regard accountants and lawyers as important professional service providers to help manage their business performance....
In an environment of high rents, labour costs and competition, this is truly a difficult time for those in the hospitality industry. It almost feels commonplace to hear of another established restaurant closing, hospitality staff being underpaid or a disgruntled franchisee upset with the franchising system. ...
