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Stay up to date with the latest news and information in the insolvency, forensic, turnaround and advisory industry. Looking for further information regarding insolvency, turnaround and forensic advice? Contact a member of our team today.

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Disclosure of Business Tax Debts Under New Reporting Laws


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…

Tags: 2019 David Stimpson

December 10, 2019


Fast Four – A Collection of Four Short Insolvency Topics


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…

Tags: 2019


How Often Do You Lose a Potential Client Over Fees?


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…

Tags: 2019


SV Partners Opens Adelaide Office


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…

Tags: 2019

December 2, 2019


Expressions of Interest – Soapbox Pty Ltd (Administrator Appointed)


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 Company holds significant...

Tags: 2019

October 25, 2019


Affordability of Professional Fees


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.

Tags: 2019 SmartFee

September 24, 2019


Trends in the Hospitality Industry


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.

Tags: 2019 Shumit Banerjee


Phoenixing – Will the problem ever be fixed?


Phoenixing has been an issue in corporate Australia for many years. Phoenixing is a process whereby businesses/individuals transfer assets from an old entity to a new entity without regard for dealing with creditor claims in the old entity or paying little or no consideration for the transfer of assets to new entity.

Tags: 2019 Michael Carrafa


Client Health Checks and the ATO closing in on Small Business Debt


The Australian Taxation Office (ATO) continues to pursue the recovery of unpaid tax debt and superannuation, particularly from small to medium businesses. The ATO has recently visited approximately 400 small businesses on the Sunshine Coast and is rolling out visits to 10,000 businesses per year across Australia….

Tags: 2019 Jason Cronan

July 12, 2019


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