AVA Advisory Breaking Scoop: Aussies Face $313 Fine for Missing Tax Return Due Date – Implications for Businesses with Debts
Facing ATO Tax Payment Plan Challenges? Act Now to Avoid Hefty Fines. Contact AVA Advisory at 1300 181 220 or Book a Free Consultation Today!
Can a Company Trade While in Liquidation in Australia?
Liquidation is a dreaded word that sends shivers to business owners, creditors, and shareholders alike. When a company is nearing its financial ruin, the only ray of hope often seems to be the process of liquidation. But what happens to the company’s ability to trade during this difficult time? Can a company continue to conduct […]
AVA Advisory Breaking Scoop: Small Businesses Seeking Insolvencies Assistance Surge as Corporate Collapses
In an unfortunate turn of events, small Australian businesses are struggling after corporate collapses caused a sudden economic change. The increase in insolvencies is causing concerns in communities, as shop owners face financial uncertainty. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is supporting struggling entrepreneurs, but they are overwhelmed by the high number […]
What Is a Garnishee Order and How Does It Affect Debtors?
Sarah is a dedicated entrepreneur who poured her heart and soul into her business. However, mounting debt left her struggling to keep her business afloat. Just when she thought things couldn’t get worse, she received a legal notice – a garnishee order. But what is a garnishee order, and how does it affect debtors like […]
AVA Advisory Breaking Scoop: ATO Warns Businesses of Severe Consequences for Unpaid Tax and Super
The Australian Taxation Office (ATO) warns taxpayers of severe consequences, including legal action and winding up, if they fail to pay their tax and super on time and in full. In a stern reminder, the Australian Taxation Office (ATO) is leaving no room for procrastination, emphasizing the need for taxpayers, especially businesses, to promptly settle […]
What Is Insolvent Trading and How Does It Affect Businesses?
imagine this. You’re the owner of a small business. You’ve been working hard for years to build your business up, and things are finally going well. You have a steady stream of customers, and you’re making a profit. But then, one day, you receive a letter from a supplier. They’re asking you to pay your […]
AVA Advisory Breaking Scoop: ATO to Businesses: Pay Your Taxes or Be Named and Shamed
What does owing to the ATO mean? Well, here’s what you should know. Over 22,000 businesses in Australia are facing the risk of being publicly named and shamed by the Australian Tax Office (ATO) for failing to pay their unpaid debts. The ATO has issued notices to these businesses, warning them that their debts will […]
What Is Voluntary Administration & How Long Does It Take?
In the business sector, time can make or break. It is a precious commodity that can determine the fate of your business. When financial troubles strike, taking swift action is absolutely crucial. And that’s where voluntary administration comes into play. But you might be wondering, how long does voluntary administration take? In this article, we’ll […]
AVA Advisory Breaking Scoop: Australian Inflation Surge Sparks Concerns of Impending RBA Interest Rate Hike, Businesses on Edge
The Australian economy is at a critical juncture as inflation rears its head again, raising fears of an impending interest rate hike by the Reserve Bank of Australia (RBA). This development has stirred unease among households and businesses, heightening economic uncertainty. While financial experts anticipate the RBA to maintain the current official cash rate of […]
Is Voluntary Winding up a Strategic Exit Plan for Businesses?
In the ever-evolving landscape of business, strategic planning is not just a buzzword, it’s a necessity. Entrepreneurs and business owners must always be prepared to adapt to the unpredictable changes in the market. While we often hear about startups and businesses striving for success, we seldom discuss their graceful exits when necessary. Voluntary winding up, […]
