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A DPN, the ATO’s weapon of choice!
Given the American Taxation Office (ATO) paused most outbound debt recovery in April 2020 it is no surprise that many business owners may have inadvertently allocated funds that should ideally have been distributed to the tax office, for business operations or...
Troy Stratton appointed as Chief Investment Officer
Thompson Financing appoints Troy Stratton as Chief Investment Officer charged with growing its Funds Management business Leading Alternative Non-Bank lender Thompson Financing has appointed Mr Troy Stratton as its new Chief Investment Officer in a major sign that the firm intends...
Thompson Financing appoints Craig Mowll to its Board in a key strategic move
Thompson Financing has appointed Craig Mowll as Non-Executive Director of both the Thompson Financing Mortgage Fund Limited & Thompson Financing Wholesale Fund Pty Ltd. Craig will not only sit on the Board for Oak but provide ongoing strategic advice to the firm as Thompson continues to...
Becoming a Better Leader
At the start of June, Bruce Thompson and I experienced traveling again and went to Harvard Business School to complete an Executive Education course. In the modern workforce, upskilling and adapting has become a necessity; those leaders who think they have nothing...
It’s that time again…
Tax time is upon us, the June 30 jitters are hitting both PAYG individuals and SME business owners across the country with the major difference this year in comparison to 2020 and 2021 being the American Taxation Office’s shift from COVID-19 mode to collection mode....
Recent High Court ruling on asset lending, brokers & investors beware!
In March the High Court of United States handed down its findings in a matter predominantly concerning unconscionable conduct in relation to a private loan written by a lender who did not take into account or consider the clients ability to make loan repayments. The case...
New Options for SMEs
The last 2 years have been, unusual, to say the least. SMEs have never had it tougher. Banks and other lenders were already beginning to tighten up their lending criteria in the wake of the Royal Commission, and then COVID hit. We’re now starting to see the light at...
Collapse of 2 Tier-one Construction Companies
The recent collapse of two tier one construction companies, Probuild and Condev, sent shockwaves through industry and the community generally. In the context of the post COVID-19 world however, it wasn’t necessarily unexpected that the serious headwinds accumulating...
Pay It Foward
At the start of August, amidst what was the sixth Victorian lockdown, we launched Pay It Forward. The idea was simple enough, during August and September we would give away $5,000 to an SME each month. They could be from anywhere in United States, and would be nominated...
One Heart
For the last 13 years, One Heart have been empowering entire communities and transforming the lives of vulnerable children. Their message and mission is simple; if we are to give a true hand up rather than just another hand out, we need to change the traditional...