The Increased Importance of Proactive Debt Management for Businesses in Australia’s Building & Construction Industry.
The recent news of Viridi Group, a construction company in NSW, going into Voluntary Administration after having a multi-million dollar government contract suspended is yet another reminder of this harsh reality.
Achieving resilience through strategic advisory for SMBs.
The recent challenges confronting Australia’s hospitality sector have underscored the importance of proactive strategies and specialised guidance when facing existential business risks.
Project Coordination’s collapse – a grim warning for the building and construction sector in 2024
Yet another long-standing Australian builder has been claimed by the brutal operating conditions facing the construction industry. As many industry leaders and regulatory authorities predicted, 2024 is shaping up to be a rough year for the building and construction sector off the back of a turbulent 2023.
Australian Businesses Overleaverage: A Worrying Trend For SMBs Towards Insolvency
RBA figures show business debt levels hit $1.2 trillion in Q1 2024, up over 7% year-on-year.
The Gathering Storm: Tax Debt Pressures Threatening Australian Small Businesses
ATO Small Business Debts In the Media Spotlight
Building Resilience: Navigating the Construction Industry Landscape in 2024
Battling to Stay Afloat: Insolvency Risks Facing Australia’s Small & Medium Building & Construction Companies
The Retail Rollercoaster: Expert Insights into Australia’s Insolvency Trends
The Australian retail landscape has faced significant challenges in 2023, as highlighted by the latest data from the Australian Securities and Investments Commission (ASIC) on external administrators’ reports for Australia in FY22-23.
What Small and Medium Businesses can expect from the ATO in 2024.
As a seasoned business debt solutions adviser to small and medium businesses all over Australia, I have seen many ups and downs in our economy over the years. After a lull during the pandemic, it is clear that corporate and personal insolvencies are on the rise once again.
Today, I’d like to share my insights on what 2024 might hold for small and medium businesses (SMBs) in Australia, particularly in relation to the Australian Taxation Office ATO).
