Your Trusted Source for Industry Insights and Updates
With over 100 years combined specialist experience in financial advisory, restructuring and insolvency, WCT Advisory truly value our clients and are dedicated to creating practical and specialised solutions to their problems.
Need some help? WCT Advisory
Payday Super and DPNs: The Uncertain Road Ahead for Directors
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.
Don’t Trust the Number: How to Read and Challenge a Valuation Report
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.
Practical Steps for SMEs
This is the third in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency.
This article touches on the commercial risks faced by the business itself, which will drive the turnaround plan. If a business is struggling and potentially insolvent, that is unable to pay its debts when they fall due, there are several risks that directors need to be prepared for.