FINANCIAL DIFFICULTY

If your business is in financial difficulty get proper accounting and legal advice, to increase the likelihood of business survival.

Some warning signs of insolvency are:

  • Ongoing losses
  • Poor cash flow
  • Incomplete financial records
  • Increasing debt
  • Problems selling stock or collecting debts
  • Unrecoverable loans
  • Creditor’s unpaid or paid outside of trading terms
  • Solicitor’s letters, demands, summonses, judgements etc. Suppliers placing your company on C.O.D. terms
  • Overdraft limit reached or defaults on loans repayments
  • Problems obtaining finance
  • Overdue taxes and superannuation obligations

Make sure you can substantiate ALL of your tax deduction claims.

Please contact me if you need assistance.