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.