News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV156: ASIC Guidance on Insolvent Trading

·13 min·1 clip

"If you're chasing your tail, getting money in to pay previous debts, that's always a bad sign," warns the host.

The hosts discuss ASIC's new guidance on insolvent trading and director liability, warning business owners about personal responsibility for company debts. They cover ATO crackdowns on FBT and debt collection, signs of business trouble, and options like small business debt restructuring that can write off up to 80% of debt.

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