• Business Struggles during COVID-19

    Author: K&E Professional Accounting Associates | | Categories: Accounting , businessinsolvency , canada , cashflow , CCAA , Covid19 , preventingbankruptcy

    Accounting Firm in Winnipeg

    If you own your own business, you may have encountered times when finances (particularly cash flow) have become a problem.  A lot of business owners ignore the problem until it is too late, rather than ask for a professional advice early on.  It helps to know the early signs of insolvency so that action can be taken to avert a crisis.  These signs include: operating at bank credit limit, under pressure from suppliers, loss of significant customers, shrinking profit margins, depleting rainy day fund, forced to cut non-essential business expenses, conducting asset sales to generate short term cash flow, struggling…

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Accounting Firm in Winnipeg Manitoba