News & Updates

• Payday Superannuation Todd Barbour 26-10-2024

  The government has released further details regarding changes to the payment of employees' Superannuation Guarantee at the same time as their OTE. Read More

• ATO Debt: Collection Measures to be Bolstered Todd Barbour 26-10-2024

  ATO payment arrangements that may have been acceptable in the past are no longer being considered and an increasing number of Director Penalty Notice’s (DPNs) are being issued. Are you at risk? Read More

• Director Penalty Notice … Even if the Company is deregistered! Todd Barbour 19-06-2024

  The ATO’s renewed focus on debt recovery has seen the daily rate of DPN's issued rise fourfold since mid-May – including some issued to Directors of companies that have already been deregistered! Read More

• Smith Hancock: Celebrating 30 Years 19-06-2024

  Read the story of Smith Hancock and how the firm has grown and evolved over the past 30 years... Read More

• Small Business Restructuring - The best option for your client, and you. Todd Barbour 13-02-2024

  As an accountant, identifying when SBR might be appropriate and guiding a client through the process could provide an opportunity for you to keep your client in business. Read More

• Director Penalty Notices (DPNs) and the Australian Tax Office (ATO) Rommel Alfonso 01-02-2024

  As a company director, you are responsible for ensuring that your company’s tax and superannuation obligations are reported AND paid on time. If your returns are not lodged or paid in time, the ATO may attempt to recover the money owing from you personally. If you don’t want to risk being held personally liable it is critical that you understand what options are available to you BEFORE the ATO comes knocking at your door. Smith Hancock Partner Rommel Alfonso explains.............. Watch Video

• Struggling With Creditors? How a Small Business Restructure Can Help Rommel Alfonso 14-04-2023

  A Small Business Restructure is an alternative to more traditional insolvency practices, and allows directors to retain control of the business, property and affairs of their company while a restructuring plan is formulated, Watch Video

• Small Business Restructuring Rommel Alfonso 14-04-2023

  Small Business Restructuring (SBR) offer several major advantages for small businesses over traditional forms of insolvency by allowing directors to retain control of their business whilst a restructuring plan is formulated and removing the need for creditors meetings and lengthy reports to creditors. Find out more. Read More

• Illegal Phoenixing and Creditor-Defeating Disposition: The First Court Ruling Rommel Alfonso 01-09-2022

  In May 2022, the first Court ruling was made on the new anti-phoenixing provisions included in the Corporations Act 2001 and it has provided interesting reading for those advising clients that are in financial difficulty, or whose clients may have customers experiencing financial difficulty! Read More

• ATO and DPNs – Beware! Peter Hillig 27-05-2022

  The Australian Tax Office is flagging an important change in its approach to debt collection and insolvency, with a return to full-time status for its collections department and a renewed focus on the recovery of debts owing. Read More