insolvency
Followinsolvency Archives
Construction crisis: why this SME sector has the most insolvencies
The construction industry, a space largely made up of sole traders, is facing an insolvency crisis.
SME payment disputes are on the rise
According to the ASBFEO, difficult conditions mean that when one party is late in paying, it can cascade through the sup...
Budget relief provides short-term boost but not long-term sustainability for small businesses
Tangible changes for SMEs are limited in this year’s Budget, with the bulk of spending focused on bolstering Government ...
More Aussie businesses turning to business rescue programs to address tax-debt insolvency
Business owners are urged to overcome their fear and shame of being found to be insolvent and giving themselves the best...
Insolvencies at historic high as ‘tsunami’ engulfs small businesses
Sole traders in construction are 60 per cent more likely to be in early mortgage arrears compared to the average consume...
Ageing profile of business owners and rising insolvencies raise concerns about SME sector
Figures state that small businesses owe 67 per cent of Australia’s total collectable tax debt of $50 billion.
Land tax, interest rate pressures on landlords contributing to insolvency ‘domino’ among SMEs
Business-related personal insolvencies made up the bulk of insolvencies in 2023 and insolvencies in March peaked at more...
COVID-19’s impact on small businesses revealed in insolvency report
Over 80 per cent of the businesses reporting insolvency had assets of $100,000 or less and a similar percentage have few...
National insolvency helpline launched
The service is free to callers requiring assistance, and they will receive a complimentary 15-minute consultation with a...
SMEs at risk from ATO and creditor action
High-interest rates and ATO action are creating fear of not only a business insolvency wave but also a personal insolven...