Corporate insolvency solutions

Business Transformation Services
 
 

RESTRUCTURING AND RECOVERY
Corporate insolvency solutions
 

 

Through no fault of your own, as an Australian business owner you may have found yourself in financial hardship.

Not everyone has come through the worst summer of bushfires in living memory, a global pandemic of epic proportions and escalating global trade tensions, unscathed.

It’s a tough time for many business owners, and some are being faced with very difficult decisions right now.

We are here to help with honest, professional and tailored advice.

KEY CONTACT

Greg Dudley
Partner

T: +61 8 9261 9271
[email protected]

How can we help you?

 Locate nearest office

 
 
Business viability assessment
Business Restructuring and turnaround
Liquidation
Bankruptcy Services
Receivership
RSM offers Workplace assurance advice

RSM Business Protect Series – Do you need to wind up a solvent company?

1 April 2022
Tim Gumbleton FCA
RSM’s Restructuring & Recovery team at Port Macquarie on the mid-north coast of NSW is seeing an increase in enquiries from members/shareholders seeking to minimise their tax burden, or safely bring their company to an end via a Members’ Voluntary Liquidation process.
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Construction companies urged to take notice as leader enters administration

4 March 2022
Jonathon Colbran
Last week, we learned that one of Australia’s largest construction companies, Probuild, has entered sudden administration with no warning to subcontractors. A long list of factors have likely played a role in the company’s demise, including delays due to lockdowns and increased labour and materials costs. 
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When business is bleak, know your options

13 January 2022
If debt is piling up and creditors keep calling, it may feel like the easiest thing to do is ignore it and hope it goes away. However, getting advice early on could make all the difference in achieving a successful outcome. 
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What will 2022 look like for small business owners?

6 December 2021
Jonathon Colbran
Many Australian small business owners are entering into a recovery mode, grappling with the economic fallout of the COVID-19 crisis and preparing to forge ahead - but 2022 continues to look uncertain for some.
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Business recovery or liquidation?

28 September 2021
Richard Stone
Business recovery or liquidation? Understand your options early ‘We’re all in this together’, has been a common catch cry during the pandemic, but as 2021 nears its end, some business owners may be feeling more alone than ever and unsure of their options.
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Your best ally in the worst times

23 September 2021
This month, The Restructuring and Recovery team had a Q&A session with Mitch, who is based in Queensland and has over 20 years of experience in the insolvency profession. He is a straight-shooter; an honest and upfront professional who is helping business owners, many of whom are facing their worst times in business. Ever.
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New warning notices from ATO for businesses with $100k+ tax debt

30 August 2021
Adam Cormack, Frank Lo Pilato, Jonathon Colbran
Under laws introduced in 2019, the ATO is now issuing warning notices to businesses with tax debts over $100,000 that are now 90 days or more overdue.  
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RSM establishes a new Corporate Advisory Hub at Port Macquarie, NSW

6 August 2021
RSM has further extended its regional presence with the establishment of a new Corporate Advisory Hub at Port Macquarie on the Mid-North Coast of NSW.
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Proposed Insolvency Reforms for Small Businesses

1 October 2020
Reginald Kuek
On 24 September 2020, Treasurer Josh Frydenberg announced significant insolvency reforms to commence on 1 January 2021 (subject to legislation).
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5 elements to a successful not-for-profit amalgamation or merger

26 August 2020
Andrew Sykes, Jonathon Colbran
One of the first sectors to bear the brunt of an economic downturn is the not-for-profit sector which is resulting in many considering an amalgamation or merger. Reliance on community services increases, yet funding and donations can be hard to come by and higher poverty rates affect customers’ ability to pay for services. 
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COVID-19 and the impact on insolvencies

12 August 2020
Last week the government announced a new and more targeted extension to the stimulus spending supporting organisations in Australia that remain affected by COVID-19.
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Directors now immediately liable for overdue superannuation amounts

5 September 2019
Adam Cormack, Frank Lo Pilato
From April 1st 2019, directors may be held personally liable for overdue superannuation from the moment it becomes overdue.
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RSM expands Restructuring & Recovery division into Queensland

30 June 2017
RSM Australia has announced the expansion of its Queensland operations to include a Restructuring and Recovery practice, led by Mitchell Herrett.
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Directors and creditors take note: Changes to the claw-back rules

28 June 2017
In a liquidation, a liquidator has the right to take back property or money that the debtor improperly gave away before the liquidator was appointed.
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Insolvency Reform Edition 11 - May 2017

5 May 2017
David Kerr
THE RISE OF THE PRE-PACK  View the past edition of the Insolvency Reform newsletter - [Insolvency Reform Edition 10 - April 2017] here
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