How To Minimise Tax When You Sell Your Business
If you have worked hard on your business for many years, you are likely to have a plan to sell it at some stage. One question we are often asked about at LAL is how tax applies on the sale of a business. There isn’t a black and white answer, but this article will give […]
Solving Insolvency Without Liquidating
In these rapidly evolving times, demand from consumers is shifting, product availability has changed, and costs are becoming unmanageable for many businesses. If your company is experiencing financial trouble and you can’t see a simple way out, it may be time to explore insolvency. Many business owners assume that becoming insolvent means liquidating. When this […]
Important Tax Debt Information for Business Owners
The last few years have been tricky for many businesses due to COVID and it’s understandable that many organisations have fallen behind on their tax payments. However, with the severe impacts of COVID diminishing, the Australian Tax Office is taking steps to start reducing the many billions (yes, billions) of dollars in tax debt. It […]
How to Get the Money your Business is Owed
With prices rising and many of the COVID safety nets being removed, some businesses are slipping into the red. If you’re a supplier, this may mean you have a number of overdue accounts. At some stage, you are going to need to chase the funds. There are a number of debt recovery options available to […]
What Happens When a Company Goes into Administration?
The whole purpose of operating a company is to make money. However, with so many moving parts and money coming and going at different rates, it can be very easy to end up with an unmanageable amount of debt. A business that has reached a point where it is experiencing significant financial trouble may have […]
Can a Restructure Save Your Business?
There’s no denying we live in turbulent times. As a result, many businesses find themselves facing insolvency, despite doing everything ‘right’. If you’ve had money difficulties but want to hold on to your business and feel like there is hope for a positive outcome, one solution can be to press ‘pause’ and get help to […]