Author Archives: admin

Talking with the ATO

50% of payment arrangements entered into with the ATO end in default according to information sourced by Smartcompany. During 2009/10 the amount due to the ATO totaled approximately $12.15 billion, apparently 10% more than the year before.  Of this, it is estimated that 60% relates to SMEs.
Posted in In The News, Insolvent Trading |

ZOOM

We summarized ASIC statistics for the top 6 industries at risk of insolvency. We also summarized ASIC statistics on the main reasons for business failure. ASIC statistics also reveal the reasons for failure within and across industries. In our last post we recommended business advisers keep a keen eye on clients in those higher risk industries. [...]
Posted in ASIC, In The News, Insolvent Trading, You're Not Alone |

Surprise, surprise

Following on from our recent post on the top 6 industries at risk of insolvency we now take a look at the same ASIC statistics and summarize the top 3 reasons for business failure over the 3 years from 2007/08 to 2009/10. The top three reasons are:
Posted in ASIC, Education, Law Reform, You're Not Alone |

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