Cliff Sanderson

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Insolvencies rise in October, but Christmas could bring a reprieve

3:43AM | Monday, 11 March

The number of businesses entering insolvency reached a record number in October, but insolvency firms say activity has lessened now they're settling in for the traditionally quiet Christmas period.

Directors still bear burden of proof in tax liability laws after new draft of bill

8:35AM | Thursday, 16 August

The Federal Government has announced the third iteration of its bill to make directors criminally liable for taxation offenses, but still refuses to make a change that would prevent directors from having to prove their innocence.

Small firms lead insolvency surge as failures leap by 9.2% in 2011

2:52AM | Monday, 13 February

Corporate insolvencies surged by 9.2% last year to 10,481, according to the Australian Securities and Investments Commission, as small building firms and retailers buckled under pressure.

40% of small businesses posting losses: Reserve Bank

9:40AM | Monday, 26 September

The share of small unlisted firms making losses remains at above average levels, with about 40% of firms with assets under $1 million reporting losses in 2010 and 2011, according to figures from the Reserve Bank.

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