With Payday Super now in effect and the first FY27 superannuation payment deadlines having passed, that uncertainty remains. While the ATO has introduced the Voluntary Disclosure Statement process for reporting unpaid superannuation obligations, it has not yet clarified what constitutes timely reporting for the purpose of determining whether a DPN is capable of remittance or becomes a lockdown DPN.

Division 7A issues commonly arise in private groups, particularly where trusts and related party loans are involved. Most accountants understand the framework, but the detailed rules are prescriptive and easy to misapply. In insolvency appointments, these issues often surface during reconstruction of historical transactions and can create significant deemed dividend exposure if not addressed early.

This case study outlines how coordinated management and targeted engagement with the ATO resolved long standing Division 7A breaches and avoided a substantial personal tax exposure for shareholders.

Businesses suffering from rising fuel costs may consider the attractive terms of the ATO’s Fuel Response Payment Plan as quick and relatively easy way to improve cashflow, but there can be significant downstream risks to the business and Directors.

Other than temporary fuel tax relief, the Commonwealth Government has announced two relief packages for Australian businesses grappling with the impacts of the Persian Gulf Oil Crisis:

1. ATO Fuel Response Payment Plan; and

2. 2 Year Interest Loans under the Economic Resilience Program.

WCT Advisory is excited to announce they have appointed highly regarded restructuring and insolvency specialist Cameron Crichton as Partner to the firm.

Mr Crichton joins WCT Advisory following more than 20 years in the profession, including seven years as a partner at a national accounting firm. A Registered Liquidator, he is widely recognised for advising distressed businesses across construction, property and mid-market sectors.

From 1 July 2026, superannuation must be paid every payday, not quarterly. While much has been written about payroll and compliance impacts, the real issue for directors is far sharper: Payday Super fundamentally alters the practical risk under the Director Penalty Notice regime.

Most SME valuations in Australia use the Capitalisation of Future Maintainable Earnings method. It's simple, practical, and widely accepted. But small judgement calls about “maintainable” earnings, and the multiple can easily move value by 30–50%.

A valuation is only as good as the assumptions underneath it. Knowing which assumptions to challenge, and how, is what turns a thick report into actionable advice.

A fractional CFO is an experienced Chief Financial Officer who works with your business on a part-time, project, or retainer basis rather than as a permanent employee. They bring the same strategic thinking, financial discipline, and decision support as a full-time CFO, but you pay only for the time and expertise you actually need, which at your development phase might not be full time.

This article outlines the general process involved in a PIA and the risks associated specifically with the Controlling Trustee endorsing offers with insignificant returns to creditors.

PIA’s are governed by Part X of the Bankruptcy Act 1966 …

When private businesses or trusts are involved in a family law dispute, the right business valuation can be the difference between a smooth resolution and a drawn-out conflict …

As a company director, your role goes beyond oversight - you are responsible for safeguarding and growing the value of the business…

When ownership interests in a legal practice changes hands, stamp duty can become a key consideration. In Queensland, the Queensland Revenue Office requires the value of “goodwill” and other dutiable property …