Business Email Compromise (BEC) scams are on the rise in Australia and businesses need to be especially alert to the dangers.  BEC is a fraud technique used by scammers to redirect invoice payments to a fraudulent bank account. Typically, scammers will intercept business emails that contain invoices and then contact

One of the advantages of operating a business through a company is the separation of business and personal assets. However, since April 2020, company directors can be held personally liable for unpaid Goods & Services Tax (GST), Luxury Car Tax (LCT) and

Having an arrangement with the Australian Tax Department (ATO) to pay off tax debt by instalments can seem like the perfect answer BUT there are consequences. Yes, it does take the pressure off short term cash flow shortages. However, problems arise

Insolvency is defined as the point when a company can’t pay its debts when they are due. If your company is showing signs of financial problems, it’s your obligation as Director to determine as soon as possible if the company is at risk of insolvency. Being proactive in determining the viability of

Do you have a client who regularly pays invoices late or is refusing to pay at all? It is a common problem in business and most of the time a friendly reminder or a conversation about the issue will rectify

In response to COVID, Australia has introduced more options for small business to simplify the process of resolving financial difficulties. This will allow more businesses to avoid insolvency, meaning a better outcome for businesses, creditors, employees and the overall economy. 1.

If your company is in financial distress, it’s important to determine if it is just a temporary cash flow issue or if you are on the brink of insolvency. Not only will this give your company a better chance of

When a business finds itself struggling, a forensic accountant uses their expert auditing and investigation skills to examine financial complexities and find out why things are not adding up. Forensic accountants help you avoid costly and unnecessary financial losses, disputes and

Certified Fraud Examiners are specialised professionals worldwide who have demonstrated high level ability to achieve across the same rigorous criteria. Auxilium Partners is pleased to announce that our partner, Paul Cockburn, is now one of the few Certified Fraud Examiners

The downfall of RCR Tomlinson affects hundreds of contractors who are currently engaged to work on projects across Australia.

Everyone has a story about the recent mining boom and bust in WA. Bob Jacobs was approached by several people to investigate enormous loans against properties worth very little compared to mortgage payments and rental income.

A landmark decision was made on 18 May 2018 by the High Court of Australia where concession of "good faith" was made a key issue.