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How We Restructured This Sydney Construction Company’s $400,000 Tax Debt by 69%: A Small Business Restructure (SBR) Case Study

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How to get tax debt reductions for business owners

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What is Liquidation? Comprehensive Guide

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What is a Small Business Restructure? Comprehensive Guide

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What Is the Meaning of Liquidation?

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Bankruptcy vs. Debt Agreement: Key Differences Explained

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Appointing an Administrator vs. Liquidation: Which is Right for Your Business?

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What is Personal Insolvency?

What is Members’ Voluntary Liquidation?

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What is Liquidation?

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Difference Between Liquidation and Bankruptcy

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What is a Director Penalty Notice?

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Liquidation Process Step-By-Step

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Voluntary Administration Process: A Step-by-Step Guide

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How Provisional Liquidation Can Protect You in a Dispute

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The Best Invoicing Apps for Busy Tradies

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What are the Advantages of Debt Financing for Your Business?

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What is a Small Business Restructure?

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9 Tips for Managing Business Tax Debt

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Case Study - Administration

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What is Restructuring?

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Case Study - ATO Payment Plan

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Insolvency Reform to Support Small Businesses

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What is Safe Harbour?

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What is Creditors’ Voluntary Liquidation?

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What is Voluntary Administration?

What is Bankruptcy? Your Comprehensive Guide

Continue reading What is Bankruptcy? Your Comprehensive Guide

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Strike-Off Action in Progress: What it Means and How to Respond

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What is a Phoenix Company?

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How To Deal with Creditors?

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What is a Garnishee Order and How Does It Work?

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Is the ATO going to chase me personally for the company’s debt?

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Understanding ATO Business Payment Plans

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How to Check if a Company is in Liquidation

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What Happens to Employees When a Company Goes into Liquidation?

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I’ve Received a Winding-Up Notice: What Does This Mean & What Do I Do?

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Tax Advice for Small Businesses from Accountants

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Business Restructuring for Success: Knowing Your Options

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Who Gets Paid First When a Company Goes into Liquidation?

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How Much Does it Cost to Liquidate a Company

What is a Statutory Demand?

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Understanding the Australian Food Franchise Industry

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Is it Illegal to Trade While Insolvent?

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How to Manage Business Debt Stress

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A Guide to Insolvent Trading

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What is a Statutory Demand Process?

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What Are Liquidated Assets?

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What is a Statement of Claim and How Should You Respond?

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What is Receivership?

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60 Common Business Mistakes the ATO Finds in Tax Audits

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10 Ways to Turnaround Your Failing Business

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Business Debt Consolidation

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How to Dissolve a Business Partnership in Australia

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What are a Director's Duties when it comes to Insolvency?

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How Does Tax Debt Apply to a Company in Liquidation?

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A Creditor’s Guide to Voluntary Administration

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How to Respond to a Debt Collection Letter for Your Business

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Director Responsibilities and Company Liquidation

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How to Avoid Common Pitfalls in Voluntary Administration

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A Guide to Deregistering a Company

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A Guide to Creditor’s Meetings

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How to Close Down a Business

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The Difference Between Receivership, Administration and Liquidation

Continue reading The Difference Between Receivership, Administration and Liquidation

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Business survival pack

With the rapidly changing environment and the amount of information being supplied by both Federal and State Governments, there is a wealth of information and support for businesses to digest. Continue reading Business survival pack

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Cyber Security for Small Business: Protect Your Business in 2024

In today’s digital age, cyber threats are an ever-present danger lurking around every corner. Cyber security for small businesses is essential, as small businesses, in particular, face a unique set of challenges. They often lack the resources and expertise to implement robust cybersecurity measures. Continue reading Cyber Security for Small Business: Protect Your Business in 2024

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Navigating Change: Top Strategies for Business Restructure in the Australian Market

Running a business in a constantly fluctuating market can be tough. During distressing times or when faced with the possibility of insolvency, business restructuring could be a promising lifeline. Continue reading Navigating Change: Top Strategies for Business Restructure in the Australian Market

The Process and Benefits of a DOCA for Australian Businesses Facing Insolvency

There are no guarantees in business and when the going gets tough, the tough get going. Insolvency might be daunting, but you’re not alone. Continue reading The Process and Benefits of a DOCA for Australian Businesses Facing Insolvency

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Preventing Corporate Insolvency: Proactive Measures for Australian Companies

It’s not easy to run a business, and we understand protecting the company you’ve dedicated time, effort, and care for is a significant concern, especially with the rising corporate insolvency rates in Australia. By seeking expert advice, you’ve already taken a proactive approach to steer clear of financial distress. Continue reading Preventing Corporate Insolvency: Proactive Measures for Australian Companies

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Colette by Colette Hayman and The Daily Edited (tde.) will keep the Doors Open and save more than 400 Jobs

Leading restructuring and insolvency firm, Mackay Goodwin, is pleased to announce the successful completion of the voluntary administration of Colette by Colette Hayman and the daily edited (tde.) retail chains under Marquee Retail Group (MRG). The execution of a Deed of Company Arrangement (DOCA) has secured the future of the business, allowing it to continue… Continue reading Colette by Colette Hayman and The Daily Edited (tde.) will keep the Doors Open and save more than 400 Jobs

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What is Corporate Insolvency?

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Financial Restructure: A Lifeline for Struggling Australian Businesses

Facing financial hurdles can feel like navigating through a storm for many Australian businesses. A financial restructuring emerges as a crucial strategy to turn the tide. It is a vital lifeline, providing stability and sustainable growth. Continue reading Financial Restructure: A Lifeline for Struggling Australian Businesses

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Streamlining Success: The Impact of Operational Restructure on Australian Businesses

Operational restructuring has emerged as a critical strategy for Australian companies aiming to navigate turbulent waters and sail towards profitability and growth. This guide explores what is operational restructuring, what it means for your business and how it can significantly influence your path to success. Continue reading Streamlining Success: The Impact of Operational Restructure on Australian Businesses

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Mackay Goodwin Appointed Receivers to The Sands, Torquay

Tuesday, April 23 2024 As Receivers of The Sands Resort, we present an exclusive opportunity to purchase or invest in one of Victoria’s most recognisable and well-regarded links golf courses. The Sands Resort combines with a 112 rooms hotel and associated food, beverage and conference facilities. Continue reading Mackay Goodwin Appointed Receivers to The Sands, Torquay

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Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

In challenging times, Australian businesses may face financial difficulties that seem insurmountable. One viable option to consider during such periods is Voluntary Administration. This process can give your business the breathing space to reorganise or restructure, offering a path back to viability or a more dignified approach to closing down. Continue reading Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

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Mackay Goodwin Appointed Administrators to Grand Ridge Brewery

Monday, April 8 2024 After 35 years in craft brewing, Grand Ridge Brewery has made the decision to file for voluntary administration, appointing Richard Lawrence, and Mitchell Ball from Mackay Goodwin as administrators. Continue reading Mackay Goodwin Appointed Administrators to Grand Ridge Brewery

Mackay Goodwin appointed as Voluntary Administrators of Marquee Retail Group (MRG)

Sydney, 3 April, 2024 The Board of Directors of Marquee Retail Group (MRG) has appointed Domenic Calabretta, Mitchell Ball, and Richard Lawrence of Mackay Goodwin as voluntary administrators. MRG owns the brands Colette by Colette Hayman (Colette) and The Daily Edited (tde. Continue reading Mackay Goodwin appointed as Voluntary Administrators of Marquee Retail Group (MRG)

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The Benefits of a Small Business Restructuring: A Guide for Australian Entrepreneurs

In today’s competitive landscape, staying ahead means being agile and ready to adapt. Small Business Restructuring offers a space to breathe and work with experts to pivot their businesses strategically. With this time, you can overcome debt by realigning resources, streamlining operations, cutting costs, and positioning your company for growth. Continue reading The Benefits of a Small Business Restructuring: A Guide for Australian Entrepreneurs

Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress

Navigating the complex world of insolvency can be intimidating, especially when financial distress looms large. Yet, understanding insolvency and its various aspects is essential for individuals and businesses to effectively address their financial challenges. This comprehensive guide will provide valuable insights into insolvency, its types, legal frameworks, and stra... Continue reading Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress

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ATO now reporting your Tax Debts to Credit Reporting Bureaus (CRBs).

You may be reading this article because you’ve received a warning letter from the ATO notifying you of their intent to disclose your tax debt to credit reporting bureaus, or they may have already reported your tax debt Continue reading ATO now reporting your Tax Debts to Credit Reporting Bureaus (CRBs).

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Your window into the ATO

Domenic Calabretta, CEO of Mackay Goodwin and Jill Kitto, Assistant Commission of Pay & Lodge of ATO discuss the current economic challenges for businesses, and their expectations for the new financial year. Continue reading Your window into the ATO

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Navigating the rising tide of business-related Personal Insolvencies: A Call to Action

The business landscape, particularly in Australia, is experiencing a significant rise in personal insolvencies, affecting many entrepreneurs whose personal finances are intertwined with their business ventures. The latest snapshot by the Australian Financial Security Authority (AFSA) revealed 901 new personal insolvencies recorded in June, with a quarter being business... Continue reading Navigating the rising tide of business-related Personal Insolvencies: A Call to Action

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Mackay Goodwin appoints new Bankruptcy Trustee

Mackay Goodwin, one of Australia’s leading insolvency and advisory firms, has appointed Gavin King as a Bankruptcy Trustee. Gavin brings an impressive 15-years of experience in accounting, bankruptcy, and corporate insolvency to the role. CEO of Mackay Goodwin, Domenic Calabretta, warmly welcomes the appointment. Continue reading Mackay Goodwin appoints new Bankruptcy Trustee

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Avoid insolvency: Risk factors and preventative measures

Domenic Calabretta, Mitchell Ball and Kate McMahon discuss the key risk factors that contribute to insolvency and provide practical prevention strategies. Continue reading Avoid insolvency: Risk factors and preventative measures

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Insights into the ATO

Olga Koskie, Principal at Tax Assure and Domenic Calabretta discussed the ATO’s debt recovery processes and ultimately what it means for Australian businesses. Continue reading Insights into the ATO

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Domenic Calabretta and Edwin Narayan appointed as Agents for the Mortgagee in Possession

On the 16th of February 2023, Domenic Calabretta and Edwin Narayan of Mackay Goodwin were appointed as Agents for the Mortgagee in Possession of 5 properties in the Sydney Metropolitan area. The properties include: As the challenges of rising interest rates continue to affect Australians, it follows that the risk profiles of borrowers will dramatically change Continue reading Domenic Calabretta and Edwin Narayan appointed as Agents for the Mortgagee in Possession

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How Safe Harbour Can Help Protect Directors From Personal Liability

What are the Safe Harbour provisions? The Safe Harbour provisions under the Corporations Act 2001 provide protections to assist company directors from personal liability for insolvent trading. The provisions enable directors who suspect their company may be insolvent, to find an alternative course of action other than immediately opting for administration or liquidatio... Continue reading How Safe Harbour Can Help Protect Directors From Personal Liability

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Super Bowl LVIII

Relive the highlights of Super Bowl Monday! Continue reading Super Bowl LVIII

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Super Bowl LVII

Celebrate Super Bowl LVII with our MG family! Continue reading Super Bowl LVII

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How to Limit Business Distress in Agriculture

Between floods, supply chain constraints, labour shortages, cool relations with our largest trading partner and rising fuel costs, the agriculture sector is facing significant pressure which could result in serious financial distress for many Australian farmers and agricultural businesses. Continue reading How to Limit Business Distress in Agriculture

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Your Guide to Australian Bankruptcy in 2026

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Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

Despite international borders opening in February, the tourism and hospitality industry is still struggling to return to business as usual. Labour shortages are one of the biggest impediments to getting back on their feet. While domestic visitors are returning and taking holidays, international visitors have been slow to return. Continue reading Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

How to fill the labour shortage gap

Are you struggling with the current labour shortage? Now is the time to review your workload, employees and explore your options. Tune into our MG Academy live-stream as we unpack how to overcome the current challenges of attracting and attaining talent. Continue reading How to fill the labour shortage gap

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Mackay Goodwin AI can increase productivity and significantly reduce costs

Discover how Mackay Goodwin AI can assist accountants. As the new financial year begins, looking to improve business processes is often top of mind. Our upcoming MG Academy webinar introduces you to Mackay Goodwin AI. Continue reading Mackay Goodwin AI can increase productivity and significantly reduce costs

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A Taste of Winter

Join us for an afternoon amongst snowflakes to raise funds for Tour de Cure. On the 10 – 19 March our team rode and travelled from Geelong to Canberra to raise awareness for cancer research with Tour de Cure. Continue reading A Taste of Winter

Cryptocurrency and NFTs: When in Bankruptcy

Have you ever wondered what happens once cryptocurrency and NFTs are involved in bankruptcy? Together with MG Academy’s Domenic Calabretta and our registered Trustee, Thyge Trafford-Jones, we have teamed up with Macmillan Lawyers and Advisors Principal, Kyle Macmillan to discuss the roles cryptocurrency and NFTs play during Bankruptcy. Continue reading Cryptocurrency and NFTs: When in Bankruptcy

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Remote Workforce: Discover the impacts, challenges and opportunities for 2022

As we experience yet another year of uncertainty, we’ve tailored a panel of experts to uncover the impacts, challenges and opportunities of the workforce Continue reading Remote Workforce: Discover the impacts, challenges and opportunities for 2022

What you need to know about Director Identification Numbers

As a director you are now required to verify your identity as part of the new director identification number (director ID). Following the agreement of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) all directors of a registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will... Continue reading What you need to know about Director Identification Numbers

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The best way to deal with creditors

Dealing with creditors can be overwhelming when you don’t know your rights, where to seek help or what to do. When you fall behind on your bills, rent, loan, credit card or debts, your creditor may obtain a debt collector. Continue reading The best way to deal with creditors

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5 Responsibilities you never knew a business director had

Business directors are the wheelhouse of a good organisation. The responsibilities of a director of a company are so diverse and varied that they could be doing a handful of things at any one time. From overseeing the company’s affairs to staying up to date on the business’ finances, a business director holds several key… Continue reading 5 Responsibilities you never knew a business director had

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Business Liquidation – What does it mean?

Many people are surprised to discover that even profitable, thriving businesses may choose to enter liquidation. But what does it actually mean when a business goes into liquidation and why would a thriving business choose this as their path? Continue reading Business Liquidation – What does it mean?

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Digital Transformation AI & Robotics for Finance & Accounting with Professor Aditya and David Pugh

Join David Pugh, MD, Aquiliti, Professor Aditya Ghose, School of Computing and Information Technology, University of Wollongong and Domenic Calabretta, CEO, Mackay Goodwin Continue reading Digital Transformation AI & Robotics for Finance & Accounting with Professor Aditya and David Pugh

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Exploring Your Clients Options With Tax Negotiations in the Current Covid Environment With Tax Assure

Join Olga Koskie, Principal, Tax Assure, David Hill, COO, Mackay Goodwin and Mitchell Ball, Director, Mackay Goodwin to explore your clients options in the current environment. Continue reading Exploring Your Clients Options With Tax Negotiations in the Current Covid Environment With Tax Assure

Real Estate Negotiations in the Covid Environment with Knight Frank

Join James Johnston, Director, Knight Frank, David Creais, Partner of Bartier Perry Lawyers, and Domenic Calabretta, CEO, Mackay Goodwin on discussing the current issues the real estate industry Continue reading Real Estate Negotiations in the Covid Environment with Knight Frank

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Examining the Current Economy with Macquarie Bank

Join Martin Lakos, Division Director Macquarie Wealth Management, Andrew Knowles, National Segment Head – Insolvency, Business Banking, Macquarie Bank and Domenic Calabretta, CEO, Mackay Goodwin Continue reading Examining the Current Economy with Macquarie Bank

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Cyber Security with James Linton

This week we launched MG Academy, a series of in person and online events to assist our clients to be upskilled in areas that affect all business regardless of their geography or industry. We kicked off by inviting James Linton and Continuum Cyber to sit down with CEO Domenic Calabretta to talk all things Cyber Security Continue reading Cyber Security with James Linton

Cyber Crime with James Linton

Join James Linton, Ben Jones, Managing Director of Continuum Cyber and Domenic Calabretta, CEO of Mackay Goodwin as they discuss: Continue reading Cyber Crime with James Linton

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Mackay Goodwin collaborates with Westpac, SMBC and Soc Gen on transition of Forum Group

-Mackay Goodwin Retains Forum Group Pty Ltd Pending Sale Announcement- Leading restructuring and insolvency firm Mackay Goodwin has recommended Westpac’s nominee McGrath Nicol replace it as the administrator for 24 companies in the Forum Group for operational efficiency, ensuring all Forum Group businesses are managed under a single administrator for the benefit of cre... Continue reading Mackay Goodwin collaborates with Westpac, SMBC and Soc Gen on transition of Forum Group

Mackay Goodwin appointed as voluntary administrators for Forum Group

Forum Group Statement – 13th July 2021 Leading restructuring and insolvency firm Mackay Goodwin confirms it has been appointed as Voluntary Administrator over the Forum Group of companies on 8 July, 2021. Since 9 July, the Administrator has been undertaking investigations across the Group. These investigations are ongoing. Continue reading Mackay Goodwin appointed as voluntary administrators for Forum Group

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Mackay Goodwin adjourns Forum Group creditors’ meeting for 24 hours

Forum Group Statement – 20th July 2021 Leading restructuring and insolvency firm Mackay Goodwin adjourned the Forum Group’s First Creditors’ Meeting for 24 hours under the provisions of the Corporations Act. Mackay Goodwin was appointed on 8 July 2021 as Voluntary Administrator for the Forum Group of Companies. Continue reading Mackay Goodwin adjourns Forum Group creditors’ meeting for 24 hours

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Debt Management Tips for Company Directors

Debt is a normal part of doing business. Every company will have some debts that must be managed on a regular basis, and good debt management is about always being aware of the debts you have and dealing with them in a timely and structured manner. Continue reading Debt Management Tips for Company Directors

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How to Conduct a Successful Business Restructure

Changing market conditions, shifting consumer trends, and increased competition can all impact your business’s operating environment and make restructuring necessary. Continue reading How to Conduct a Successful Business Restructure

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Part 9 Debt Agreements

10 Steps to Getting Your Business Out of Debt

Debt Agreements

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Understanding the Difference Between Good Debt and Bad Debt

Not all debt is bad, and understanding the difference between good and bad debt could enable you to make smarter decisions about how to grow your business. Continue reading Understanding the Difference Between Good Debt and Bad Debt

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Starting the New Year with a Clean Financial Slate

As the new year begins, you may have enjoyed good rest over the festive period. And just as it’s important to start fresh personally, it’s also important to refresh your business. This could give your business the best possible start for the new year, and help you better manage everything from cash flow to debt obligations. Continue reading Starting the New Year with a Clean Financial Slate

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Why You Need a Budget for Your Business

You need a budget for your business. It doesn’t actually matter what size your business is – whether it’s a sole proprietor right through to a large corporation, if you’re looking to make your business a sustainable success, the budget will be the cornerstone of what you do. Continue reading Why You Need a Budget for Your Business

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ICT capabilities in strong demand within government despite pandemic

By Michael Bogue, Joint Head of Advisory at Mackay Goodwin While many businesses have suffered through 2020/21 because of the pandemic, the ICT industry is going through a growth phase … Continue reading ICT capabilities in strong demand within government despite pandemic

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How will a business health check change the direction of your business?

If you’re in survival mode right now, you’re not alone. Thousands of Australian businesses are being tested by the fallout from COVID-19. But no business director can afford to neglect … Continue reading How will a business health check change the direction of your business?

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Restructuring Adviser Praises Travel Business And Calls For Struggling Tourism Operators To Seek Help Before JobKeeper Ends

One of Australia’s leading restructuring advisers, Mackay Goodwin, is urging struggling travel and tourism operators to urgently seek financial advice before the Government winds back JobKeeper payments at the end of next month Continue reading Restructuring Adviser Praises Travel Business And Calls For Struggling Tourism Operators To Seek Help Before JobKeeper Ends

How to Avoid Company Bankruptcy or Liquidation

Sometimes, a company bankruptcy or liquidation is simply inevitable. Perhaps the company had a product that exploded in popularity, only to prove to be a fad, and it struggled to find the next new thing to move to. Perhaps a downward turn in the macro economy meant belt-tightening hit the company’s sector hard, and it wasn’t able to pay the bills. Company bankruptcy is... Continue reading How to Avoid Company Bankruptcy or Liquidation

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The Accountant’s Guide to Working with a Voluntary Administrator

Voluntary administration is an insolvency procedure that brings in an external voluntary administrator to decide on the company’s next steps. Unlike liquidation, external voluntary administration won’t necessarily result in the company being wound down. Continue reading The Accountant’s Guide to Working with a Voluntary Administrator

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A Guide to Business Insolvency

Owning your own business can be exciting, however it’s also filled with the prospect of making challenging decisions every day. Faced with survive-or-perish choices, business owners need to think for … Continue reading A Guide to Business Insolvency

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5 Signs Your Business is in Financial Trouble

Business can be a funny beast at times. It might seem like everything is going swimmingly one month, only for the doors to come down the next. Continue reading 5 Signs Your Business is in Financial Trouble

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5 Reasons to Consider Voluntary Administration

Voluntary administration is a type of insolvency process for companies in financial strife. It’s designed to help companies, with the help of an external, independent expert, to resolve their insolvency … Continue reading 5 Reasons to Consider Voluntary Administration

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10 Signs Your Business Needs a Corporate Advisor

Business always involves risks, and success requires vision, entrepreneurial instincts and some luck. Often, the risk taken does not provide the expected reward, and this is when you may need guidance from a expert corporate advisor. Here are some of the signs to look out for Continue reading 10 Signs Your Business Needs a Corporate Advisor

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Earthmoving Company Case Study

75% reduction in tax debt gets this earthmoving company moving again By the time a Melbourne-based earthmoving company contacted Mackay Goodwin over reducing their accrued debt, they had built up a $280,000 backlog with the Australian Taxation Office (ATO). Continue reading Earthmoving Company Case Study

Building Developer Case Study

This South Australian builder continues to trade, thanks to a DOCA, restructure and dispute resolution Continue reading Building Developer Case Study

Security Company Case Study

An 85% reduction in debt gets company through a major trading and cash flow problem Continue reading Security Company Case Study

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