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
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Debt collection in the construction industry is full of problems because of delayed payment terms. In turn, extended payments negatively affected the cash flow of players in the industry. For those involved in the construction industry, receiving payment on time can be described as difficult at best. Often, invoices are
“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
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
Crabtree & Evelyn, Jeanswest, Bardot, Topshot, Ed Harry — these are among the famous retailers in Australia who collapsed and closed shop. The trend started with J. Crew, the first high profile retailer to collapse amidst the Covid-19 pandemic. Even before the pandemic hit U.S. shores, the 73-year old retailer