Happy 25th Birthday to Rodgers Reidy
In April 1999, 25 years ago, Peter Rodgers and Geoff Reidy started a business called Rodgers Reidy. Today, that business has offices in all states of Australia, the Northern Territory, New Zealand, Malaysia, Singapore, and Hong Kong.
The ATO reported that during the financial year 2023, over 24,000 Director Penalty Notices (“DPN”) were issued to individual company directors with respect to more than 18,000 companies. Surprisingly, only 1/3 of taxpayers subsequently took action to engage with the ATO.
An important reminder to Accountants providing registered office services
As most of us were in the midst of holding staff Christmas parties in December, the Supreme Court of Victoria highlighted the importance of accountants providing registered office services in passing on correspondence to their clients in a timely manner, particularly in relation to a statutory demand.
The road to recovery: How a small business restructure can save your business
Consider the prospect of revitalising your struggling small business and embarking on a new beginning. A Small business restructure (SBR) can effectively achieve that objective. Financial trouble and insolvency is only one of the many challenges small firms are faced with in the modern economy. Implementing a company restructuring strategy can serve as a viable solution to mitigate these challenges.
Financial Planning for Small Business Owners: Tips and Tools for Success
The success of a small company depends on more than the quality of its products and services. To ensure the success and longevity of your firm, you must also have sound financial planning and management.
Fraud prevention 101: How forensic accountants can help
Business operations have expanded globally in many industries and while growth is good, it does increase susceptibility to fraud and embezzlement.
Forensic accounting, a subset of accounting and financial advisory, can help in situations where these things may have occurred.
Small Business Lodgement Penalty Amnesty
An amnesty is a period of time where the consequences of not following a rule are removed.
If your late lodgements and fear of penalty have been keeping you awake at night, you are in luck, thanks to the small business lodgement penalty amnesty. So far, more than 7,000 Australians have taken advantage of the initiative that was announced as part of the 2023-2024 federal budget.
Corporate Advisory Services Are your Friend in Business
There are always going to be challenges and setbacks in business. It’s par for the course, however, the difference between a business birdie and a business bogie is in how you deal with what is happening. It’s about having the ability to see when things are off course and being willing to adapt and correct the path. Even more important perhaps is the willingness to ask for help, take advice, and then act on it.
Financial stress, insolvency and the way back
The weight of financial stress is heavy and the emotions involved can be overwhelming. In Australia, insolvency has an unfair stigma attached to it, for reasons that really are unknown, but it possibly stems from a lack of understanding amongst the general public about what insolvency is and what it means. Aiko Wang of Rogers Reidy points out the following observation:
Is the PIA coming back into vogue?
With the ATO ramping up its collection activity following the trials and tribulations of the pandemic, the Personal Insolvency Agreement (“PIA”) appears to be returning.
Risk Watch Essentials – September 2023
Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for September 2023.
Risk Watch Essentials – August 2023
Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for August 2023.
Risk Watch Essentials – July 2023
Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for July 2023.
Risk Watch Essentials – May 2023
Risk Watch from Rodgers Reidy provides a synopsis of the insolvency market in Australia for May 2023 including: During the month of May 2023, 28 companies appointed a Restructuring Practitioner out of a population of around 990,000 small companies in Australia.Find the right professional using the below dropdowns. Our reach covers the globe with a network of over 300 offices.
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