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Business owners talk: “we’re stressed by cashflow”

cash flow

A survey conducted by Business NSW of more than 2000 businesses has shown that business confidence is low, and almost half are in major cashflow stress. The businesses were from a variety of industries, and across both metropolitan and regional NSW. Caused by the rollercoaster of mandated and shadow lockdowns, a fluctuation of restrictions and…

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Insolvency Reform for Small Businesses in financial distress

The Federal Government has announced reforms to simplify the Voluntary Administration process in order to help financially distressed small businesses to efficiently restructure and survive the economic impact of COVID-19. The reforms will likely come into effect on 1 January 2021. Small businesses are historically most at risk of insolvency, with 80% of corporate insolvencies…

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