Day: November 12, 2025

Insolvent trading is a critical risk for Australian small business owners, as the Corporations Act requires that company directors act responsibly when a company is insolvent or unable to pay all debts as they become due. Directors who allow a company to incur new debts while facing financial difficulties put themselves at risk of severe…

Australian business owners can avoid the Medicare Levy Surcharge by holding private hospital cover for the full financial year, staying aware of income thresholds, and managing taxable income effectively. The surcharge is an extra tax levied on individuals and families who earn above certain annual income levels and don’t have private hospital insurance. Failure to…