D’Omkara Knowledge February 2021
2021 has certainly been an interesting year. Nevertheless, COVID-19 remains widespread and continues to affect businesses, each in a different way. This month’s newsletter explains how to sell a business and explores the final phase of JobKeeper and how eligible businesses could access it.
The topics included in this month’s newsletter are:
- Selling your business
- Accessing JobKeeper
- Debt restructuring
- Streamlined insolvency
Contact our office on (03) 9579 4450 or email us at team@domkara.com.au if you have any questions.
D’Omkara Knowledge: Selling Your Business
Two key components are at play: structuring the transaction and positioning the business in the market. To prepare for a sale, you need an objective assessment of how the business compares within its market, its competitive position and any impediments to the sale.
D’Omkara Knowledge: Accessing JobKeeper and FAQs
If employers experienced a sufficient downturn in their actual GST turnover during the December 2020 quarter compared with the same period in 2019, they may have been eligible for JobKeeper. A 30% decline threshold applied to most entities.
D’Omkara Knowledge: Debt Restructuring
On 1 January 2021, new laws came into effect introducing a simplified debt restructuring and liquidation framework for small businesses.
