Insights

How We Restructured This Sydney Construction Company’s $400,000 Tax Debt by 69%: A Small Business Restructure (SBR) Case Study

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What is Liquidation? Comprehensive Guide

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What is a Small Business Restructure? Comprehensive Guide

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What Is the Meaning of Liquidation?

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Bankruptcy vs. Debt Agreement: Key Differences Explained

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Appointing an Administrator vs. Liquidation: Which is Right for Your Business?

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What is Personal Insolvency?

What is Members’ Voluntary Liquidation?

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What is Liquidation?

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Difference Between Liquidation and Bankruptcy

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What is a Director Penalty Notice?

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Liquidation Process Step-By-Step

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Voluntary Administration Process: A Step-by-Step Guide

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How Provisional Liquidation Can Protect You in a Dispute

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What are the Advantages of Debt Financing for Your Business?

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What is a Small Business Restructure?

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9 Tips for Managing Business Tax Debt

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Case Study - Administration

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What is Restructuring?

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Case Study - ATO Payment Plan

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Insolvency Reform to Support Small Businesses

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What is Safe Harbour?

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What is Creditors’ Voluntary Liquidation?

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What is Voluntary Administration?

What is Bankruptcy? Your Comprehensive Guide

Continue reading What is Bankruptcy? Your Comprehensive Guide

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Strike-Off Action in Progress: What it Means and How to Respond

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What is a Phoenix Company?

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How To Deal with Creditors?

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What is a Garnishee Order and How Does It Work?

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Is the ATO going to chase me personally for the company’s debt?

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Understanding ATO Business Payment Plans

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How to Check if a Company is in Liquidation

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What Happens to Employees When a Company Goes into Liquidation?

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I’ve Received a Winding-Up Notice: What Does This Mean & What Do I Do?

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Tax Advice for Small Businesses from Accountants

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Business Restructuring for Success: Knowing Your Options

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Who Gets Paid First When a Company Goes into Liquidation?

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How Much Does it Cost to Liquidate a Company

What is a Statutory Demand?

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Is it Illegal to Trade While Insolvent?

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How to Manage Business Debt Stress

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A Guide to Insolvent Trading

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What is a Statutory Demand Process?

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What Are Liquidated Assets?

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What is a Statement of Claim and How Should You Respond?

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What is Receivership?

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60 Common Business Mistakes the ATO Finds in Tax Audits

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10 Ways to Turnaround Your Failing Business

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Business Debt Consolidation

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How to Dissolve a Business Partnership in Australia

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What are a Director's Duties when it comes to Insolvency?

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How Does Tax Debt Apply to a Company in Liquidation?

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A Creditor’s Guide to Voluntary Administration

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How to Respond to a Debt Collection Letter for Your Business

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Director Responsibilities and Company Liquidation

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How to Avoid Common Pitfalls in Voluntary Administration

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A Guide to Deregistering a Company

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A Guide to Creditor’s Meetings

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How to Close Down a Business

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The Difference Between Receivership, Administration and Liquidation

Continue reading The Difference Between Receivership, Administration and Liquidation

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Cyber Security for Small Business: Protect Your Business in 2024

In today’s digital age, cyber threats are an ever-present danger lurking around every corner. Cyber security for small businesses is essential, as small businesses, in particular, face a unique set of challenges. They often lack the resources and expertise to implement robust cybersecurity measures. Continue reading Cyber Security for Small Business: Protect Your Business in 2024

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Navigating Change: Top Strategies for Business Restructure in the Australian Market

Running a business in a constantly fluctuating market can be tough. During distressing times or when faced with the possibility of insolvency, business restructuring could be a promising lifeline. Continue reading Navigating Change: Top Strategies for Business Restructure in the Australian Market

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The Process and Benefits of a DOCA for Australian Businesses Facing Insolvency

There are no guarantees in business and when the going gets tough, the tough get going. Insolvency might be daunting, but you’re not alone. Continue reading The Process and Benefits of a DOCA for Australian Businesses Facing Insolvency

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Preventing Corporate Insolvency: Proactive Measures for Australian Companies

It’s not easy to run a business, and we understand protecting the company you’ve dedicated time, effort, and care for is a significant concern, especially with the rising corporate insolvency rates in Australia. By seeking expert advice, you’ve already taken a proactive approach to steer clear of financial distress. Continue reading Preventing Corporate Insolvency: Proactive Measures for Australian Companies

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What is Corporate Insolvency?

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Financial Restructure: A Lifeline for Struggling Australian Businesses

Facing financial hurdles can feel like navigating through a storm for many Australian businesses. A financial restructuring emerges as a crucial strategy to turn the tide. It is a vital lifeline, providing stability and sustainable growth. Continue reading Financial Restructure: A Lifeline for Struggling Australian Businesses

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Streamlining Success: The Impact of Operational Restructure on Australian Businesses

Operational restructuring has emerged as a critical strategy for Australian companies aiming to navigate turbulent waters and sail towards profitability and growth. This guide explores what is operational restructuring, what it means for your business and how it can significantly influence your path to success. Continue reading Streamlining Success: The Impact of Operational Restructure on Australian Businesses

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Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

In challenging times, Australian businesses may face financial difficulties that seem insurmountable. One viable option to consider during such periods is Voluntary Administration. This process can give your business the breathing space to reorganise or restructure, offering a path back to viability or a more dignified approach to closing down. Continue reading Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

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The Benefits of a Small Business Restructuring: A Guide for Australian Entrepreneurs

In today’s competitive landscape, staying ahead means being agile and ready to adapt. Small Business Restructuring offers a space to breathe and work with experts to pivot their businesses strategically. With this time, you can overcome debt by realigning resources, streamlining operations, cutting costs, and positioning your company for growth. Continue reading The Benefits of a Small Business Restructuring: A Guide for Australian Entrepreneurs

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Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress

Navigating the complex world of insolvency can be intimidating, especially when financial distress looms large. Yet, understanding insolvency and its various aspects is essential for individuals and businesses to effectively address their financial challenges. This comprehensive guide will provide valuable insights into insolvency, its types, legal frameworks, and stra... Continue reading Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress

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ATO now reporting your Tax Debts to Credit Reporting Bureaus (CRBs).

You may be reading this article because you’ve received a warning letter from the ATO notifying you of their intent to disclose your tax debt to credit reporting bureaus, or they may have already reported your tax debt Continue reading ATO now reporting your Tax Debts to Credit Reporting Bureaus (CRBs).

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Navigating the rising tide of business-related Personal Insolvencies: A Call to Action

The business landscape, particularly in Australia, is experiencing a significant rise in personal insolvencies, affecting many entrepreneurs whose personal finances are intertwined with their business ventures. The latest snapshot by the Australian Financial Security Authority (AFSA) revealed 901 new personal insolvencies recorded in June, with a quarter being business... Continue reading Navigating the rising tide of business-related Personal Insolvencies: A Call to Action

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Your Guide to Australian Bankruptcy in 2026

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Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

Despite international borders opening in February, the tourism and hospitality industry is still struggling to return to business as usual. Labour shortages are one of the biggest impediments to getting back on their feet. While domestic visitors are returning and taking holidays, international visitors have been slow to return. Continue reading Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

What you need to know about Director Identification Numbers

As a director you are now required to verify your identity as part of the new director identification number (director ID). Following the agreement of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) all directors of a registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will... Continue reading What you need to know about Director Identification Numbers

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The best way to deal with creditors

Dealing with creditors can be overwhelming when you don’t know your rights, where to seek help or what to do. When you fall behind on your bills, rent, loan, credit card or debts, your creditor may obtain a debt collector. Continue reading The best way to deal with creditors

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5 Responsibilities you never knew a business director had

Business directors are the wheelhouse of a good organisation. The responsibilities of a director of a company are so diverse and varied that they could be doing a handful of things at any one time. From overseeing the company’s affairs to staying up to date on the business’ finances, a business director holds several key… Continue reading 5 Responsibilities you never knew a business director had

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Business Liquidation – What does it mean?

Many people are surprised to discover that even profitable, thriving businesses may choose to enter liquidation. But what does it actually mean when a business goes into liquidation and why would a thriving business choose this as their path? Continue reading Business Liquidation – What does it mean?

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Cyber Security with James Linton

This week we launched MG Academy, a series of in person and online events to assist our clients to be upskilled in areas that affect all business regardless of their geography or industry. We kicked off by inviting James Linton and Continuum Cyber to sit down with CEO Domenic Calabretta to talk all things Cyber Security Continue reading Cyber Security with James Linton

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Debt Management Tips for Company Directors

Debt is a normal part of doing business. Every company will have some debts that must be managed on a regular basis, and good debt management is about always being aware of the debts you have and dealing with them in a timely and structured manner. Continue reading Debt Management Tips for Company Directors

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How to Conduct a Successful Business Restructure

Changing market conditions, shifting consumer trends, and increased competition can all impact your business’s operating environment and make restructuring necessary. Continue reading How to Conduct a Successful Business Restructure

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Part 9 Debt Agreements

10 Steps to Getting Your Business Out of Debt

Debt Agreements

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Understanding the Difference Between Good Debt and Bad Debt

Not all debt is bad, and understanding the difference between good and bad debt could enable you to make smarter decisions about how to grow your business. Continue reading Understanding the Difference Between Good Debt and Bad Debt

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Starting the New Year with a Clean Financial Slate

As the new year begins, you may have enjoyed good rest over the festive period. And just as it’s important to start fresh personally, it’s also important to refresh your business. This could give your business the best possible start for the new year, and help you better manage everything from cash flow to debt obligations. Continue reading Starting the New Year with a Clean Financial Slate

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Why You Need a Budget for Your Business

You need a budget for your business. It doesn’t actually matter what size your business is – whether it’s a sole proprietor right through to a large corporation, if you’re looking to make your business a sustainable success, the budget will be the cornerstone of what you do. Continue reading Why You Need a Budget for Your Business

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ICT capabilities in strong demand within government despite pandemic

By Michael Bogue, Joint Head of Advisory at Mackay Goodwin While many businesses have suffered through 2020/21 because of the pandemic, the ICT industry is going through a growth phase … Continue reading ICT capabilities in strong demand within government despite pandemic

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How will a business health check change the direction of your business?

If you’re in survival mode right now, you’re not alone. Thousands of Australian businesses are being tested by the fallout from COVID-19. But no business director can afford to neglect … Continue reading How will a business health check change the direction of your business?

How to Avoid Company Bankruptcy or Liquidation

Sometimes, a company bankruptcy or liquidation is simply inevitable. Perhaps the company had a product that exploded in popularity, only to prove to be a fad, and it struggled to find the next new thing to move to. Perhaps a downward turn in the macro economy meant belt-tightening hit the company’s sector hard, and it wasn’t able to pay the bills. Company bankruptcy is... Continue reading How to Avoid Company Bankruptcy or Liquidation

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The Accountant’s Guide to Working with a Voluntary Administrator

Voluntary administration is an insolvency procedure that brings in an external voluntary administrator to decide on the company’s next steps. Unlike liquidation, external voluntary administration won’t necessarily result in the company being wound down. Continue reading The Accountant’s Guide to Working with a Voluntary Administrator

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A Guide to Business Insolvency

Owning your own business can be exciting, however it’s also filled with the prospect of making challenging decisions every day. Faced with survive-or-perish choices, business owners need to think for … Continue reading A Guide to Business Insolvency

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5 Signs Your Business is in Financial Trouble

Business can be a funny beast at times. It might seem like everything is going swimmingly one month, only for the doors to come down the next. Continue reading 5 Signs Your Business is in Financial Trouble

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5 Reasons to Consider Voluntary Administration

Voluntary administration is a type of insolvency process for companies in financial strife. It’s designed to help companies, with the help of an external, independent expert, to resolve their insolvency … Continue reading 5 Reasons to Consider Voluntary Administration

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10 Signs Your Business Needs a Corporate Advisor

Business always involves risks, and success requires vision, entrepreneurial instincts and some luck. Often, the risk taken does not provide the expected reward, and this is when you may need guidance from a expert corporate advisor. Here are some of the signs to look out for Continue reading 10 Signs Your Business Needs a Corporate Advisor

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