Bookkeepers GoldCoast

Your GC Business Dissolved for $4,800

Bookkeepers Gold Coast will be doing all company liquidations for a fixed fee of $4,800.00 Inc GST. This is the cheapest liquidation price ever offered in Australia and is designed to help struggling companies and businesses liquidate without the fuss and cost of big time liquidations.

If your business is located in Southport, Nerang, Tweed Heads, Elanora, Helensvale, Robina or anywhere on the Gold Coast,and you need expert financial advice about liquidation but without high overheads, talk to our team.

Call us now on 1300 60 70 60 to take advantage of this great offer.

Liquidate now by calling 1300 60 70 60 and speak to one of our professional staff who can assist you by solving your financial worries through company liquidation.

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Bankruptcy Haunts Gold Coast

If you live in postcodes 4350, 4670, 4211, 4215 and 4655, the chances are you know someone in financial distress, The Courier Mail has reported.

Data just released shows the Queensland postcodes made up half the Australian top 10 for the highest number of bankruptcies.

For the first time, “experimental” data compiled by the Insolvency and Trustee Service Australia mapped where Queenslanders have succumbed to the pinch, but experts warn there’s more to come with bankruptcy numbers “the tip of the iceberg”.

ITSA found Queensland and NSW shared the dubious honour of holding five of the 10 worst performing areas in the country. NSW holds the two worst postcodes – 2560 Campbelltown/Rosemeadow and 2770 Mount Druitt/Minchinbury.

Queensland’s 4350 Toowoomba region came third, with the state’s other postcodes 4670 Bundaberg fifth, 4211 Nerang sixth, 4215 Southport seventh and 4655 Hervey Bay ninth.

Toowoomba Mayor Peter Taylor was in disbelief after hearing 4350 had pulled the highest Queensland figures by postcode and third highest nationally.

“That’s very surprising, I don’t know how they worked that but 4350 is a very large postcode,” Cr Taylor said.

“I’ve seen this before where they said we had the highest speeding fines in the state, but we cover the largest area in the state.”

He said the data was “quite frankly very misleading”.

“Businesses in our region, in Toowoomba, are doing quite well,” Cr Taylor said.

In financial difficulty on the Gold Coast? Call Bookkeepers Gold Coast today on on 1300 60 70 60

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A Good Bookkeeper Might Save You From Bankruptcy

When a person is in economic distress, it may still be possible to avoid bankruptcy by being alert to some key warning signs, and enlisting the help of a good bookkeeper.  The most important of which are listed below.

Key pre-bankruptcy warning signs:

1. Tax lien or foreclosure on your home, or repossession of a car or other item you failed to make timely payments on. These are signs that the wheels are coming off your financial situation.

2. Maxing out on your credit cards or charging more than you can pay off each month. Credit card debt is one of the major factors in lots of bankruptcies. It’s not a good idea to use more than 40% of your available credit at any one time. This gives you flexibility in case of job loss, illness, divorce, or other threat to your income. 3. Paying the minimum balance on your credit cards. Since it can take 20 to 30 years to pay off your credit card balance when you pay only the minimum payment, if that’s all you can afford to pay, you really can’t afford to buy whatever it is you’ve been buying. Have you checked the interest rate on your credit card balance?

4. Over-using home equity loans. Give careful thought to any inclination you might have to use your home equity loanor line of credit for items other than home improvements. Make sure you can afford the payments without strain.

5. No emergency fund. If you live from paycheck to paycheck with little or no savings for emergencies, you’re at risk for bankruptcy. Are you one of the nearly 1 in 2 Americans who do not have at least $1,000 in savings?

6. Co-signing a loan for someone else. Co-signing loans can lead to trouble. The fact that a person needs a co-signer may indicate he or she is a credit risk. You could end up being stuck. Ill-advised co-signing is a common factor in many bankruptcies.

7. No health insurance or inadequate coverage. An illness can strike without warning. Injurious accidents are usually not planned. Yes, things can easily go wrong in a hurry. Medical bills are a factor in one out of five bankruptcies!

9. Harassing phone calls from creditors. If you are avoiding the letter box and the letting the phone ring because you are too afraid to speak to collection agencies, this is a sure sign that not all is well with your finances.

If you are currently experiencing any of these problems, don’t wait until it is too late.  You need the right advice from a licenced and accredited insolvency practitioner to discuss your options.

Don’t live in fear. Be proactive and take steps to rescue your financial situation.  Call Insolvency Guardian today on 1300 60 70 60

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Gold Coast Businesses At Risk of Insolvency Without the Right Advice

Latest reports by Dun & Bradstreet highlight a 48% increase  in the number of small businesses going bankrupt over the last 12  months, while small business start-ups fell by 95 per cent over  the same period.

According to Dun & Bradstreet CEO, Christine Christian, Australian business failures have trended steadily upwards since  2008, growing over 30 per cent in the last three years.

There are some businesses who’d like to employ staff, but the future is uncertain so they’re holding off. The traditional cycle of micro businesses entering the market, growing and becoming larger businesses, in the main, is just not happening.

People are worried about rising costs of living. They’re worried about the carbon tax. Changing workplace health and safety and  industrial relations legislation is a big impost on  business.  Increased superannuation is another slug on business. Tightening credit and the costs of compliance also take their impact.”

Dun & Bradstreet’s recent Global Business Failures Report revealed that Australian businesses continue to present a high insolvency risk when compared with the rest of the world.

The report indicated that with its steady increase in bankruptcies, Australia is now being classified in the same risk category as a number of countries being impacted by the euro-zone debt crisis,  such as Italy, Portugal, Spain and the United Kingdom.

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How Do I Protect My Gold Coast Business?

Why did small businesses go bankrupt in this downturn? They didn’t plan for catastrophe. Here’s a guide to the risks your business should consider and plan for to thrive no matter what, according to Entrepreneur.com

Whenever there’s an economic downturn, many small businesses go bust.  Why? Because they didn’t plan for the crash.

The name of the game is risk mitigation. Big global companies engage in enterprise risk management, examining every type of risk in their planning and devising strategies for surviving the worst-case scenario.  Small business owners can learn a lot from the process.

Some of the factors to look at include:

Internal company risk: Employees who embezzle or that important sales manager who leaves suddenly

Key man risk: The business revolves around a “key man’s” personal relationships with clients, and this person could leave the company or die

Currency risk: The dollar weakens or strengthens in relation to other currencies, impacting an import or export business

Supply-chain risk: Vendors go bust, goods fall off a shipping barge, or the price of gas shoots up

Facilities risk: A fire or theft at your store, office or warehouse

Acts of God: Floods, earthquakes, damage from hail

Civil unrest: Everything from Occupy Protests blocking access to your storefront to government overthrow to full-scale war

Once each risk is identified, business owners need to run what-if scenarios.

Do you have enough money saved? A disaster plan for how your business would run if your home base was destroyed or your electricity went out for weeks? Are you properly insured? Do you have safeguards in place to prevent employee theft?

Four years into this downturn, there probably isn’t a small business owner around who isn’t aware that things can go wrong. But do you have a plan for what you’d do if business got worse? Now’s the time to start planning for the next curveball life will throw at your business.

Call Bookkeepers Gold Coast today for the right advice on 1300 60 70 60

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