Insolvency: How to recognise the signs – INTHEBLACK

At a glance

• Challenging market conditions have resulted in many small businesses operating on the brink of insolvency.
• The best outcomes can be achieved when businesses, tax practitioners and insolvency experts partner to recognise the early signs of trouble and work proactively.
• However, there are complexities around determining if a small business is trading insolvent, and it is important to seek the right advice early.