Jones Partners

Jones Partners HELPING BUSINESS OWNERS AND INDIVIDUALS TAKE CONTROL IN A FINANCIAL CRISIS

Happy New Year from all of us at Jones Partners! As we step into 2026, our doors are open and we’re excited to support y...
05/01/2026

Happy New Year from all of us at Jones Partners!

As we step into 2026, our doors are open and we’re excited to support you with fresh energy and focus for the year ahead. Here’s to new opportunities, continued partnerships, and a successful year together.

Christmas came early at Jones Partners as our team got into the festive spirit with a cheeky Secret Santa gift exchange!...
24/12/2025

Christmas came early at Jones Partners as our team got into the festive spirit with a cheeky Secret Santa gift exchange! Plenty of laughs, surprises, and holiday cheer to go around.

Merry Christmas from the team at Jones Partners Insolvency & Restructuring.

Jones Partners will be closed for the holiday season from Tuesday 23rd December 2025, reopening on Tuesday 6th January 2...
21/12/2025

Jones Partners will be closed for the holiday season from Tuesday 23rd December 2025, reopening on Tuesday 6th January 2026.

We wish you and your loved ones a joyful and safe Christmas, and we look forward to working together in 2026.

Our gingerbread houses won’t solve the housing crisis, but they certainly solved our sweet tooth cravings! 😋Swapping mic...
10/12/2025

Our gingerbread houses won’t solve the housing crisis, but they certainly solved our sweet tooth cravings! 😋

Swapping mice and keyboards for smarties and icing, our four teams came together to build, laugh, and get creative, proving we work brilliantly together no matter what the task is.

Check out our marvellous creations… and let us know which one you’d take home. 🎄✨

Jones Partners: A New Chapter of Growth and LeadershipWe were delighted to celebrate the opening of our new Sydney CBD o...
04/12/2025

Jones Partners: A New Chapter of Growth and Leadership

We were delighted to celebrate the opening of our new Sydney CBD office with an event attended by our valued clients, referral partners, and colleagues.

Thank you to everyone who joined us, it was a fantastic opportunity to connect and share our vision for the future. For those unable to attend, we look forward to seeing you soon.

We are also proud to announce several important leadership updates:

🔵 Michael Jones transitions to the role of Chairman, recognising over four decades of distinguished leadership and his enduring commitment to the firm, our clients, and the industry.
🔵 Daniel Soire has been appointed Managing Director, actively driving the firm’s strategic vision and growth.
🔵 Bruce Gleeson will continue in his role as the Finance & Administration Director, ensuring a strong balance between the Firm’s operations, team development, and contribution to the industry via his roles with ARITA.
🔵 Frank Farrugia becomes a Director and Equity Owner. Over the past eight years, Frank has played a pivotal role in the firm’s growth, obtained his registration as a liquidator, and will spearhead initiatives in automation, IT, and workflow innovation.
🔵 We also extend a warm welcome to Robert Hodgson, who has joined as Senior Manager, further strengthening our team and capacity.

Together, our four principals — Michael Jones, Bruce Gleeson, Daniel Soire, and Frank Farrugia — remain committed to actively growing the firm and strengthening relationships with clients, referral partners, and colleagues across the industry.

With 4 Registered Liquidators and 2 Bankruptcy Trustees, Jones Partners continues to provide trusted and professional services to the insolvency and restructuring sector.

We are proud to maintain a strong presence with offices in:

🔵 Sydney CBD
🔵 Norwest / North-West Sydney
🔵 Western / South-West Sydney
🔵 Sutherland Shire
🔵 Orange

A heartfelt thank you to our dedicated staff for their commitment, the foundation of everything we do. As we look ahead, we are excited to continue building meaningful relationships and delivering exceptional outcomes for our clients and partners.

Jones Partners is pleased to announce an important leadership transition. We are delighted to announce Daniel Soire as o...
30/11/2025

Jones Partners is pleased to announce an important leadership transition. We are delighted to announce Daniel Soire as our Managing Director. Daniel brings a strong vision for the future of Jones Partners, building on our longstanding reputation for professionalism, integrity, and technical excellence.

“Jones Partners has a long history of professionalism, integrity, and technical excellence, and I am proud to continue that legacy. My goals as Managing Director are simple. I want us to continue being recognised as a trusted, proactive, and commercially minded firm. I want to prepare us for opportunities. I am excited for what lies ahead, and I am incredibly proud to be taking on this role with such a capable, dedicated, and genuinely good group of people." – Daniel Soire, Managing Director.

www.jonespartners.net.au

ATO Focus Areas for Small Business Earlier this month, the ATO released its updated focus areas for small businesses, hi...
29/10/2025

ATO Focus Areas for Small Business

Earlier this month, the ATO released its updated focus areas for small businesses, highlighting the key behaviours that will attract closer compliance scrutiny in 2025.

These include:

🔹 Intentionally operating outside compliance systems, such as underreporting income or inflating deductions.
🔹 Deliberately failing to register, report, or lodge obligations correctly, or neglecting to pay the full amount on time.
🔹 Lacking awareness of tax and superannuation responsibilities, including those relating to employees.
🔹 Making undeclared cash payments to avoid meeting tax and super obligations.
🔹 Using business funds or assets for personal benefit without declaring them for tax purposes.
🔹 Maintaining inadequate records or poor cash flow management.

With the ATO increasing its data-matching capabilities and audit activity, small business owners should review their reporting and compliance systems to ensure they remain on the right side of the law.

We are thrilled to announce that Frank Farrugia has been appointed Director at Jones Partners Insolvency & Restructuring...
20/10/2025

We are thrilled to announce that Frank Farrugia has been appointed Director at Jones Partners Insolvency & Restructuring.

Since joining our firm, Frank has consistently demonstrated exceptional leadership, technical expertise, and a deep commitment to clients and our team. His contribution has been instrumental in driving growth, innovation, and upholding the professional standards our firm is known for. His leadership, energy, and commitment to our firm’s values have made a lasting impact on everyone around him.

As Director, Frank will continue to focus on guiding businesses and individuals through complex financial challenges, providing outcome-driven solutions across both corporate and personal insolvency matters, while helping shape the firm’s future direction and mentoring the next generation of professionals.

Frank’s appointment reflects Jones Partners’ ongoing commitment to developing talent from within and recognising excellence in leadership, technical expertise, and client service.

We couldn’t be prouder of this milestone and look forward to what’s next!

Please join us in congratulating Frank on this significant career milestone. To learn more about how Jones Partners can assist your business or clients, contact our team or connect with Frank directly.

The ATO and Garnishee Notices “The ATO wiped out our account overnight – we couldn’t pay wages.” It’s an increasingly co...
16/10/2025

The ATO and Garnishee Notices

“The ATO wiped out our account overnight – we couldn’t pay wages.”

It’s an increasingly common story. Garnishee notices have become one of the ATO’s most aggressive enforcement tools, and for cash-strapped SMEs, they’re often the final trigger for formal insolvency.

A garnishee notice – a formal direction issued under section 260-5 of Schedule 1 to the Taxation Administration Act 1953 (Cth) – allows the ATO to require a third party (such as a bank) to pay money owed to the taxpayer directly to the ATO instead.

In practical terms, this can mean directors waking up to discover their business account has been drained overnight by the ATO. This immediately restricts a company’s cash flow (lifeblood) and heightens its vulnerability to being unable to pay debts as they fall due.

So, what can be done, or what could have been done?

✅ Open communication channels with the ATO to negotiate payment terms.
✅ Assess solvency and map out restructuring options.
✅ Implement formal processes (such as Small Business Restructuring or Voluntary Administration) that halt enforcement activity.

If your clients are under ATO pressure, the best time to act is before the garnishee arrives. Jones Partners are available to provide tailored advice to suit the unique circumstances of every director and their business.

We’ve moved!While our location has changed, our focus remains the same: helping clients find the right solutions in time...
09/10/2025

We’ve moved!

While our location has changed, our focus remains the same: helping clients find the right solutions in times of financial uncertainty.

You can now find us at Suite 3.03, Level 3, 45 Clarence Street, Sydney. Our team look forward to welcoming you there soon.

Welcome Aboard, Robert Hodgson! What better way to celebrate our newest team member, Robert Hodgson, than at the 2025 AR...
02/10/2025

Welcome Aboard, Robert Hodgson!

What better way to celebrate our newest team member, Robert Hodgson, than at the 2025 ARITA NSW/ACT Division Conference & Dinner? We’re excited to welcome Robert as Senior Manager at Jones Partners and look forward to the valuable experience and fresh perspective he brings to our insolvency and restructuring team.

Lockdown DPNs and PIAsA Director Penalty Notice (DPN) is an official notice from the ATO to current or former directors,...
09/09/2025

Lockdown DPNs and PIAs

A Director Penalty Notice (DPN) is an official notice from the ATO to current or former directors, warning that they may be personally liable for unpaid company tax and superannuation.

There are two types of DPNs:

1. Standard (non-lockdown) DPNs
2. Lockdown DPNs – where liability becomes personal and cannot be remitted.

For directors facing lockdown penalties, one potential pathway is a Personal Insolvency Agreement (PIA) under Part X of the Bankruptcy Act 1966 (Cth).

A PIA offers flexibility, including:

🔹 Structured repayments over time
🔹 Lump-sum settlements
🔹 Possible asset sales to satisfy creditors

Importantly, PIAs can help avoid the stigma of bankruptcy while providing a practical way to resolve mounting debt and regain financial control.

For more information, reach out to Jones Partners at +61 2 9251 5222.

Address

Level 3, 45 Clarence Street
Sydney, NSW
2000

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

02 9251 5222

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