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Insolvency Accountants and Business Solutions.
SV Partners regularly sends out information alerting you to new developments in the insolvency and related areas. If you would like to receive these newsletters via mail, please send us your details here.
2012 was an immensely successful year for SV Partners NSW West. Having worked across numerous and varied assignments surrounding corporations and individuals, our business restructures and consultation services have been responsible for helping save many businesses, jobs and homes.
As part of cultivating awareness for financial turbulence amid regional businesses, SV Partners ran multiple Breakfast Seminars throughout 2012 for accountants and solicitors, providing CPD training with the overall objective of advancing the value given to clients through their individual practices, as well as providing great networking opportunities.
Below are some of the guest speakers and topical seminars we covered in 2012:
o Ross Fabian Solvent Companies, Death Divorce and Other Calamities
o Mathew Dickerson (Dubbo Mayor) Future Computer Networking
o Stuart Carr (Carix) Turning Around Struggling Businesses
o Josefina Hofman and Alison Manning (Psychologists) Breaking Repetitive Behavioural Patterns
This year we introduce new and exciting topics presented by guest speakers quarterly throughout 2013, including:
o Ross Burns (ATO specialist in Directors Penalty Notices and Payment of GST)
o Charles Ackroyd (Senior Cost Consultant) Legal Costing Questions you're too afraid to ask
o Daniel Dunsford (AR Cash Flow) Factoring as an Alternative to an Overdraught
SV Partners regional NSW offices aim to provide clients with informative and inspiring seminar opportunities as regularly as possible. We would like to thank you for the continued support and friendship you have shown us and look forward to seeing you at our next social event.
Sam Peacocke, Stephen Hathway and Leanne O’Connor
Perhaps you have a speaker or topic in mind? If so, please contact Leanne O’Connor on 0458 828 993.
Several of our referrers and clients have complained that the Australian Taxation Office (ATO) has applied tax refunds to undischarged bankrupts against their pre-existing debts to the ATO. This practice has extended to refunds attributable to financial year’s prior to Bankruptcy and refunds due following Bankruptcy. This treatment is inappropriate for several reasons...[Read more]
From July 1 2012, the DPN regime has been amended to allow the Commissioner to enforce personal liability on directors for withheld PAYG and unpaid superannuation.
This means that
When a Company has outstanding PAYG or superannuation liabilities, a director can be issued a DPN which gives 21 days for a director to do either of the following options to avoid personal exposure:
The catch is, if those liabilities are unreported and unpaid for over 3 months, directors will be held personally liable for those debts and in that instance there is no way for them to avoid personal liability which will be based on an estimate of the liability!
In addition, the Commissioner has the discretion to reduce a director’s (and their associates) entitlement to PAYG withholding credits from their personal income tax returns.