Posts tagged "ARITA"

The number of business insolvencies boomed in late 2023 and is poised to accelerate in 2024, official data shows, but industry leaders professionals say the growing use of the small business restructuring scheme is a silver lining.

A new small business restructuring process designed to keep owners in control has suffered an "embarrassingly" low take-up, an industry leader says.

Small businesses are being warned to pay attention to their tax obligations and if in trouble, to speak up early to set repayment plans with the ATO.

An investigation by the corporate watchdog has uncovered numerous failings with Perth-based liquidator Ross Thomson who trades as Red2Black …