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Practical Checklists For Accountants to Use With SME Clients

Following our recent post providing a 6 Step Program for accountants to help their SME clients revive and survive, here are three practical checklists to identify which clients might need help and then how to help those clients. These checklists may also prove beneficial for direct use by SME shareholders and directors. 1. Checklist for [...]

6 Steps to Helping Your Accounting Clients Revive and Survive

6 Steps to Helping Your Accounting Clients Revive and Survive Accountants are in high demand at the moment with Stimulus,  JobKeeper and the regular final cycle of the year-end tax work. However looking not too far forward many at risk clients will be also looking to their accounting firms for help  with their survival and [...]

Small Business Revival and Survival During Corona

Here are 8 ideas for small business to revive and survive in Corona times. 1. How the government has reacted to support businesses through COVID-19 All levels of government have acted swiftly to support businesses through COVIF-19. The Federal Government through their two stimulus packages have provided the following relief for businesses: Increasing the asset [...]

How Accounting Firms Need to Change Their Approach As a Result of Corona

Many of the historical rules which came into play when a business was having financial problems have been altered.  Governments all around the world have created and commenced  a variety of programs to counter the economic consequences of having to shut down large sections of the national economies. Below is a table showing how a [...]

A Guide to Voluntary Administration

A Guide to Voluntary Administration Businesses operating under a company structure have a few different options when it comes to insolvency and business turnaround processes, and - if your business is in financial strife - voluntary administration may be one of the options you’re considering.  So, what is voluntary administration, and why would a company [...]

By | January 30th, 2020|Liquidations, Voluntary administration|0 Comments

Company Liquidation: An Expert Guide

Company liquidation is an option of last resort for both solvent and insolvent companies. Liquidation eventually results in a company ceasing operations and entering deregistration. But what are some of the reasons that companies choose to enter the liquidation process? In this comprehensive guide to liquidation, we explore what is liquidation, the process involved, the [...]

By | January 7th, 2020|Liquidations|0 Comments

5 Warning Signs Your Business is in Too Much Debt

Even highly profitable businesses can have debt on their books, and this can support operations and growth as long as it’s kept to a manageable level. Unlike equity financing, debt lets you maintain full ownership and control, and it can give businesses a tax benefit - as both principal and interest can sometimes be deducted [...]

By | October 18th, 2019|Debt Management|0 Comments

9 Essential Budgeting Tips for Restructuring Your Business

Restructuring is a formal process where your business – whether it’s the areas of operations, legal structure, debt, or some other aspect – is rearranged to make it more profitable or better able to achieve desired performance levels. Typically, businesses entering restructuring are those already experiencing some financial issues. In this case, a budget can [...]

By | October 11th, 2019|Business Restructuring|0 Comments

Can Personal Debt Impact Your Business?

As a business owner, you might have personal debt separate from your business operations. For example, you could have secured debt like a mortgage, car loan or a home equity line of credit, and you might have unsecured debt such as a credit card, a personal loan, unpaid bills, outstanding tax, or court-order judgments like [...]

By | September 18th, 2019|Debt Management, Financial|0 Comments

10 Warning Signs that Your Business is in Financial Trouble

Running a business can be an exciting way to pursue your vision, but it’s also one of the hardest vocations, with a high rate of failure over time. Whether you’re a business owner, company director or financial manager, you might be directly responsible for keeping your business out of financial trouble. So, what are the [...]

By | August 16th, 2019|Debt Management|0 Comments