Business Basics

Small business insolvencies rise as economy worsens

- November 6, 2019 2 MIN READ

“It’s the canary in the coal mine,” warns Patrick Coghlan, CEO of CreditorWatch as small business insolvencies rise 20 per cent over the last quarter, an increase of 8 per cent year on year. Coghlan suggests the rise in businesses being declared insolvent doesn’t bode well for the economy. Coghlan’s comments follow the release of… Read more »

Finance

Government moves to crack down on illegal phoenixing

- August 17, 2018 2 MIN READ

Revenue and Financial Services Minister Kelly O’Dwyer has released draft legislation aimed at cracking down on illegal phoenixing. The legislation plans to make phoenixing activity a punishable offence and aims to prevent company directors from engaging in the type of dodgy behaviour which currently limits their personal liability such as backdating resignations or leaving a… Read more »