Warning signs your clients are in financial distress

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Running Time: 8:17

Date: 01/02/2020

Business owners are often too embarrassed to tell anyone they're in financial stress – they may even be in denial. But if financial difficulties get too much, the only option in the end is a liquidator or administrator.

If you can read the warning signs early, you can help your clients avoid outcomes which could potentially cost them their businesses or even their homes. Lionel Green of Meltzer Green Lawyers says accountants are in a position to help their business-owner clients, but often don't know about their problems until it's too late.