ADGEMIS BANKRUPT AS PUBLIC GOES UNDER

Jon Adgemis has surrendered the game, filing for bankruptcy as he is said to owe billions, Deutsche Bank takes control of his last five pubs, and a showdown with the ATO loomed in Federal Court. The former KPMG banker had

BOUNCING BACK WITH SMALL BUSINESS RESTRUCTURING

The Albany Hotel is one of potentially many pubs that is in business today after legally wiping most of its debt, courtesy of Australia’s new-ish Small Business Restructuring (SBR) laws. Turning 60, Neville Walton went through with a long-held dream

ATO HELPING SMALL BUSINESSES TO STAY ON TRACK

Each year the Australian Taxation Office (ATO) updates a set of financial benchmarks aimed at helping small business owners assess the state of their business. The benchmarks cover one hundred industries including clubs and pubs, serving more than two million

ATO FALLS ON VIRTICAL

The strings are unravelling on the rise and fall of the skyrocketing Virtical Group, as the ATO unleashes the first of what could be many fines for improper tax claims. An audit, which is the first to emerge from what

ROYAL OAK CLOSED AS HARVEY BATTLES ATO

Doctor-publican John Harvey has unleashed a David and Goliath battle against the ATO, which has already seen the closure of his Royal Oak Hotel at Cessnock. John Harvey operates the Hunter Valley Dental Practice, and in 2011 bought the nearby

PUB ACCEPTS $640k TAX DEBT

The proprietors of well-known Brisbane pub Gilhooleys have dropped a legal bid against the ATO disputing its large outstanding tax bill. The Australian Taxation Office (ATO) was seeking by statutory demand $641,604 over unpaid self-assessed GST and Pay As You

$4m OF BOOZE ON OFFER

A cache of stock from floundering liquor wholesaler Fernbrew P/L is being put to auction through Pickles, offering $4 million of craft beer, spirits, RTDs, champagne and more. In early February the ABC reported on the fate and failings of

NEW SOLUTIONS EASING LABOUR PAINS FOR PUBS

Amid the increasing need for smart decision-making in a competitive marketplace, hoteliers are turning to bespoke solutions to better guide intelligent solutions. The ATO offers benchmarking tools and advice for small business. As labour-based businesses, it specifies the key benchmarking