Client Journey: The DIY mentality — is it holding you back?
Australian business owners often embody a ‘do-it-yourself’ or ‘DIY’ mentality. While this is generally a good thing, here we look at situations where it might hold a business owner back.
Client Journey — How to get your accounting processes back on track
Sound bookkeeping and accounting practices are crucial to the success of a business, but too often are neglected by small business owners. The company’s financial records are the ultimate scorecard for any business. Why is accurate financial information so important?…
Sewell & Kettle Announces Sponsorship of the Association for Business Restructuring and Turnaround
Official Launch Night – Sydney NSW. 5 Star Exclusive Event. Future of Sustainability for SME’s. 14 September at Fullarton Hotel Sydney
External administration in Australia: Voluntary liquidation compared to voluntary administration
Voluntary liquidation (CVL) and voluntary administration (VA) have a range of pros and cons, relative to each other. Here we look at the advantages of voluntary administration, including the ability to turn around the business, director initiation and the breathing space it provides to directors. We compare this with CVL, which is generally more cost-effectiveand more streamlined than voluntary administration. It is also generally the more appropriate option where the business is unlikely to be saved through a restructure process. This overview is intended for company directors of small-to-medium sized businesses weighing up their options for external administration.
How do you appoint a receiver?
A receiver must be an independent and suitably qualified individual. This means, in nearly all cases, that the receiver must be a registered liquidator and satisfy a range of other requirements that apply to receivers.
What is the difference between a deed and an agreement?
Deed is a formal document that gives the clear indication that a person or entity gives its most sincere promise that they will fulfil contractual obligations.