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Dye & Co
Accounting Services in Boroondara

www.dyeco.com.au
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Post Office Box 557. Hawthorn East. Boroondara, VIC, 3123.
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What you should know about Dye & Co

Auditing Services in Boroondara, Accounting in Boroondara, Accountants in Boroondara

The costs of undertaking formal and informal appointments directly impact upon the funds available to secured and unsecured creditors. We are also cognizant of the challenges facing secured creditors when demands are served on guarantors where a shortfall is suffered on realization of the primary security. As a result, we have developed a set of hourly charge out rates which takes into account our above structure. These hourly rates when combined with our directors’ hands on approach and experience ensure that the end result maximizes the return to all stakeholders. Our directors can talk to you, in confidence, when you call. Dye and Co provides talks and training about all aspects of business operations, structure and solvency.

As insolvency practitioners there are two main frustrations when providing advice to a small business owner facing difficulties. The following are some of the extra challenges faced by a director trying to restructure a business behind a creditor has lodged a wind up notice: The option to appoint a voluntary administrator remains as an alternative where a Deed of Company Arrangement or same arrangement is foreshadowed. If there is no evident case to appoint a elective administrator, the members of a company cannot appoint a Liquidator whilst the wind up petition is on foot. If a director of a company fails to report and pay the company’s pang withholding or SAC liability in packed they may become personally likely in respect of those obligations and in some instances the personally liability is automatic, by operation of law. The APO can issue a DP to any former directors that were appointed at the time the outstanding debt was incurred. In instances where the company is deregistered and the APO has issued a DP, the skill to appoint an external administrator to have the liability remitted within the 21 day time frame is severely hampered as the company would be required to be reinstated by an order of the court. In many instances the business was insolvent for a significant period before to the appointment of external turnaround advisers, administrators or liquidators if necessary. If your business is experiencing a number of these indicators you should speak to your advisers and identify if there is an underlying problem in the business that needs to be addressed or if the business is suffering temporary problems. Often insolvent companies will be placed into liquidation. In such circumstances where a company continued to trade whilst insolvent, the directors can be found to be personally apt for the debts incurred. In a number of circumstances the audit came as a result of a disgruntled ex autonomous contractor making a claim as an employee for outstanding employee entitlements and superannuation. The directors of the contracting company to be automatically personally probable for the pang and Superannuation applied to the independent contractor payments. Pt Ltd is an established company of trusted registered insolvency practitioners that give effective solutions to both corporate and personal insolvency matters. The APO is well established as being an energetic creditor in respect of enforcing their claims. Our experience since that date would indicate small has changed and the APO continue a most energetic creditor. A company’s compliance record is also relevant to being granted requests for a payment arrangement with the APO for outstanding taxation obligations. Often bankrupts are needed to travel to urge income earning activities. The bankrupt has the skill to try to resolve any refusal to travel with his trustee in the beginning instance, failing which the bankrupt has the aptitude to apply to the Federal Court to have the decision reviewed. Sometimes the assets of a company have already been distributed to the members and it is open to the members agreeing to simply apply for optional deregistration of the company without going through the MVP process. In circumstances where the company derived a mixture of retained earnings and capital profits, the Income Tax Assessment Act 1936 (ital) provides relief to members in positive circumstances where distributions are made by a Liquidator that would not otherwise be available. From time to time a Liquidator is charged with the responsibility of distributing assets in specie, for example real estate. To benefit a greater accepting of the impact that T1D has on day to day life, take some time to read a mothers one month challenge. In many instances the business was insolvent.
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Confronting personal financial pressures can seem difficult but at Dye Co. Pt Ltd our directors will help you manage these pressures and understand all of your options through safe advice which addresses your specific personal financial situation, providing you with the best feasible solution with the least amount of stress possible. You need to trust that the practitioners handling your matter have the experience and integrity to produce speedy and effective solutions to superior regulate your specific financial situation. A creditors voluntary liquidation occurs when the shareholders of a company resolve to liquidate the company because the company has debts that it cannot pay (i.e. Pt Ltd is very mindful of the impact a creditors optional liquidation has on all its stakeholders and the collective experience of its directors in administering creditors optional liquidations will ensure that the process is efficient, thorough and timely, benefiting all stakeholders. Liquidation means that control of company assets, any conduct of business and the management of all financial affairs becomes the responsibility of the liquidator. The liquidator will also conduct an investigation into the affairs of the company and the conduct of its officers which may result in further heal proceeding for voidable transactions and insolvent trading. After completing the investigation into the affairs of the company, the realization of the assets of the company the liquidator will distribute any excess to its creditors in the order of priority set down in the Corporations Act. The costs of the liquidation from a company that has adequate realizable riches will ordinarily be met from the realization of those assets. If a company has little or no assets, then a liquidator will generally seek that funds be made available to pay his or her costs of acting as liquidator of the company. Usually the company will come to an arrangement with creditors to pay debts, in the form of a proposed Deed of Company Arrangement. Should creditors fail to believe a proposal for a Deed of Company Arrangement the remaining options are for the administration to end handing the company back to its directors or it will be placed into liquidation. The company must make public its status as: istrator Appointed during the period of optional administration. A deed of company arrangement (DOA) creates a binding agreement between a company and its creditors as to how the company must manage its affairs. The goal of the deed of company arrangement is to yield the company with a manageable debt plan in the superior interests of the stakeholders of the company and to avoid the necessity of the company going into liquidation. A deed of company arrangement usually offers a larger return to its creditors in respect of their distinguished debts than could be achieved from liquidating the company. The deed administrator is usually the appointed voluntary administrator, subject to the resolution of the company’s creditors. Our directors have had important triumph as a result of their years of experience in administering companies resulting in deed of company arrangements. What happens to creditor claims during the period of a deed of company arrangement? Pt Ltd provides receivership services to facilitate punctual and efficient management of collecting and selling assets in order to repay debt owed to a secured creditor of a company. In court liquidations the liquidator is not obliged to call a creditors’ meeting unless there are specific circumstances in place that require this action be taken. The role of the court appointed liquidator is not dissimilar to a liquidator appointed in a creditors optional liquidation albeit that it was not the shareholders of the company that appointed the liquidator. Behind meeting the claims of any creditors the extra wealth of the company are then distributed to its members. Our directors can produce tailored business turnaround management advice a
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