The holidays are meant to be a time of relaxation and fun; a time to be enjoyed. So make sure to prepare as much as possible so you can transition smoothly from the office to the beach. Without any further ado, here are Gerry Rea’s 3 tips to prevent holiday business bother: ... read more.
Chartered Accountants Australia and New Zealand (CAANZ) and the Restructuring Insolvency and Turnaround Association of New Zealand Incorporated (RITANZ) have agreed to introduce a self-regulatory regime to improve and enhance the ethical standards and professional competency of insolvency practitioners in New Zealand. In accordance with the RITANZ Rules, members accepting regulated insolvency engagements after ... read more.
Insolvency Statistics – November 2015 August, September & October Comparison of Insolvency Appointments 2011, 2012, 2013, 2014 & 2015 What are the figures showing? There were 192 insolvency appointments in October 2015 which is down from the previous four years. There were 4 receivership appointments, 187 liquidations recorded and 1 ... read more.
Recently, a group of Swiss fund managers made comments about the global monetary system, calling it “fragmented” and in dire need of a revision. The solution to the problem they propose is the introduction of a global bank and one world-wide currency. From a general perspective, a single global bank and a world ... read more.
Forensic accountants are often asked to value the shares in a company for various reasons: relationship property settlements; shareholder disputes; or a director wants an idea of the value of the shares or the business to make decisions. The majority of the businesses we value fit the definition of a small to medium sized ... read more.
All too often we receive calls from creditors grumbling and complaining about the discovery of directors of failed companies starting up in business again. Creditors not only feel a sense of unfairness about it, but they feel cheated. Especially as Section 386A of the Companies Act 1993 prohibits directors of a failed company being a ... read more.
Is Bankruptcy Inevitable? While many small business owners facing pressure from creditors will ponder the risks of potential personal bankruptcy, it is not an inevitable outcome of the failure of a business. This month we set out some of the issues and options. For a sole trader, bankruptcy is usually the result of ... read more.
Blurred Lines The concept of company’s having limited liability and a separate legal identity is not new, in fact was recognised by the UK House of Lords in the 19th Century, notwithstanding that, it’s a concept that many company directors fail to understand. We frequently come across cases where a company is paying ... read more.
Insolvency Statistics – September 2015 Market Commentary Dairy, Dairy, Dairy! The global prices are going back up but Fonterra is being tight lipped on whether the payout to farmers will increase. Is it a case of too little too late for some in the industry? Interestingly, we have recently commenced the liquidation of a ... read more.
Insolvency Statistics – August 2015 Market Commentary Dairy prices have been back in the news again for both bad and then good reasons. Global prices dropped earlier in the month and then pulled back in the last auction. Meanwhile, Fonterra are actively cost cutting in an effort to maintain payouts to farmers. read more.
