- Some businesses that would have closed their doors under normal circumstances are hanging on thanks to COVID measures.
- These businesses should get financial advice immediately or risk a bigger crash when the support measures end
- A new insolvency regulatory regime came into force on 1 September, reinforcing best practice.
Kiwi businesses surviving on Government COVID-19 support and that may otherwise have fallen into liquidation or receivership in normal times should get professional advice immediately with a national insolvency cliff looming, says Chartered Accountants Australia and New Zealand (CA ANZ).
Figures from RITA…
Read the full article at: https://www.scoop.co.nz/stories/BU2009/S00082/get-help-before-dropping-off-insolvency-cliff.htm