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The effect of the COVID-19 crisis on cash flow cannot be underestimated. Disruptions in operations, labour, and supply chain negatively impacted businesses, leading them to cashflow crunch. We cannot overemphasize that cashflow is the lifeblood of business. Without it, businesses cannot survive. It has been more than three months since the lockdown and businesses are reopening.
“Casual work” may be redefined after a Federal Court junked a labour-hire company’s “pre-pay” argument in a case involving a casual worker. Business groups and workplace lawyers are anticipating that this ruling — or what will happen after — will have a huge impact on businesses given there are more than 2.6 million Australians classified
Debt collection in the construction industry is fraught with problems due to delayed payment terms. The extended payments, which, unfortunately, have become industry practice, negatively impacts the cash flow of players in the industry. To address this, Queensland passed the Building and Construction Industry Payments Act (BCIPA) in 2004. Late 2017, the Parliament amended the
Taxes are the so-called lifeblood of the government. The government needs to collect taxes to continue to provide the services that they are obliged to give to their constituents. Taxes then are necessary business expenses. In most jurisdictions in the world, taxes are overhead expenses that must be paid otherwise the business cannot operate. The
J. Crew is the first high profile retailer collapse amidst the Covid-19 pandemic. Even before the pandemic hit U.S. shores, the 73-year old retailer was already feeling the financial crunch with slipping sales and billions of debt. Store closings in late March were the last straw for J. Crew and possibly many other retailers around the
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