SMEs TO BENEFIT FROM CHANGES TO INSOLVENCY REGIME
The new insolvency reforms introduced by the Australian Government for incorporated small businesses with liabilities of less than $1 million have far reaching benefits for the pandemic-ravaged economy and Aussie families, according to a leading tax accountant.
The reforms, which include new debt-restructuring, offer some other major advantages to directors according to founder and CEO of Emergency & Preventative Accounting Specialists (EPAS), Catherine McMurtrie.
The new reforms follow the temporary measures which were introduced in March of last year in response to the COVID-19 pandemic and they will provide significant relief for Australian SMEs.
2020 was a particularly challengi…
Read the full article at: https://www.miragenews.com/insolvency-regime-changes-help-521784/