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, […]
AVA Advisory Breaking Scoop: Debt Crisis Threatens Australian Hotel Industry
SYDNEY— The Australian hotel industry is facing numerous challenges due to the worsening market conditions. Among these, debt has become their biggest burden, according to a recent report by CoStar. Debt levels in the Australian hotel industry have increased by 20% in the past year, due to a number of factors, including the high cost […]
Insolvency Isn’t the End: A Step-by-Step Guide to Recovery
If you’re reading this, you’re probably feeling a little bit overwhelmed. Your business is on the brink of insolvency, and you’re not sure where to turn. Well, don’t worry, you’re not alone. Business insolvency is a common problem, and there are several things you can do to recover. Here are the crucial steps you should […]
AVA Advisory Breaking Scoop: ATO Cracks Down on Businesses with Long-Term Tax Debts
Published last September 18, 2023. The Australian Tax Office (ATO) is leaving no room for leniency when it comes to businesses with long-term tax debts. Tighter payment plans, an end to remissions, and a warning to take businesses to court. These are some of the reminders of Deputy Commissioner of Taxation, Viverk Chaudhary mentioned during […]
Thriving in Tough Times: 5 Tips to Recession-Proof Your Business
Job losses, bankruptcy, businesses drowning in debts— whatever it is, recessions are a bummer. It causes uncertainty and financial strain to individuals and businesses alike. It sends shockwaves through the economy, leaving many feeling vulnerable and apprehensive. These are scary and challenging times, but with the right strategies in place, you can recession-proof your business […]
Thriving in Tough Times: 5 Tips to Recession-Proof Your Business
Job losses, bankruptcy, businesses drowning in debts— whatever it is, recessions are a bummer. It causes uncertainty and financial strain to individuals and businesses alike. It sends shockwaves through the economy, leaving many feeling vulnerable and apprehensive. These are scary and challenging times, but with the right strategies in place, you can recession-proof your business […]
AVA Advisory Breaking Scoop: West Australian Businesses Warned as ATO Ramps up Wind-up Notice
A 17-year security service was on the brink of liquidation after the Australian Taxation Office (ATO) cracked down on unpaid taxes In an unfortunate turn of events, Neville Mader, the driving force behind Perth Security Services (PSS), found his life’s work hanging by a thread. As if contending with the pandemic-driven downturn wasn’t enough, a […]
