Tag: turkslegal
New personal liability laws puts company directors directly in the spotlight
Directors of struggling companies will have to act earlier on unpaid super and PAYG if they are to avoid tough new personal liability penalties, warns an insolvency expert. Don’t say we did not warn you.
Repent now or, forever be doomed by insolvency, expert warns businesses
“You cannot run a business in these volatile conditions without keeping a close eye on all the potential risks that customers pose.” According to the latest figures from ASIC, there were 1,318 insolvency appointments in May 2012 – up 9% on May 2011 and closely following the April 2012 figures which in case you didn’t know, were the worst ever on record.
