SA’s home-building industry is in crisis. Clearly things need to change without delay. The collapse in November of New Homes Adelaide South has in the past 12 months brought the collapse of the State’s home-building companies to at least 11 – an average of virtually one a month. Read More
Macks Advisory expects applications by the Australian Taxation Office (ATO) to wind-up debtor companies will increase in 2020, but not yet. The ATO is stepping up its drive to recover more than $10bn in outstanding tax owed by Australia’s small businesses. Read More
A recent Federal Court ruling has disabused many business owners of a mistaken belief their company’s structure would protect them from being held personally liable for the acts and omissions of employees. Read More
Retail sales in Australia, according to the Australian Bureau of Statistics (ABS), expanded only 2.2% last year. It’s a weakness expected to worsen this year should low-income growth continue to hurt household budgets, and housing prices drop further (although they’re standing up well in SA). Read More
Of 200 businesses recently surveyed 65% of the owners said they were worried about cash flow and a third of these had no idea of how much capital was invested in the business. Read More
Late payments are one of the biggest drivers of cash flow issues plaguing SMEs and a primary reason for insolvencies, according to Australian Small Business and Family Enterprise Ombudsman (ASMFEO) Kate Carnell. Read More
