Surprise, surprise

By admin | Published: January 26, 2011

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:

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Posted in ASIC, Education, Law Reform, You're Not Alone |

Look Out!

By admin | Published: January 22, 2011

Updated ASIC statistics provide some industry specific data.

Based on external administration reports for 12 months to June 2010 look out for clients in the following industry sectors:

Top 6 Industry Failures

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Posted in ASIC, Statistics |

Fraudulent Phoenix Activities

By admin | Published: January 13, 2011

The Australian Commonwealth Government announced the strengthening of tax laws to counter fraudulent phoenix activities in the 2011 Federal Budget.  Under the proposed measures:

1. The director penalty regime will be extended to superannuation guarantee amounts;

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Posted in Uncategorized |

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