Business rescue runs on your numbers: what accountants must have ready
When a client heads for business rescue, the practitioner has 10 business days to convince creditors that the company can be saved and 25 business days to publish a rescue plan. Both depend on the accountant's numbers. This guide shows South African accountants what to prepare before filing, how creditors' voting power shapes the plan, what the Companies Act requires in it, how to support implementation and where their own fees rank. It ends with a practical checklist.
Fix it, rescue it or close it? Four options for a client in trouble
Debtor days are climbing, the VAT money paid the wages and the owner asks whether business rescue could buy some time. Before you answer, know that a struggling business has four options, not two: an informal turnaround, a section 155 compromise, business rescue or liquidation. This guide shows South African accountants how to assess distress, test viability, compare the four routes and protect their own fees. It includes a worked liquidation example and an implementation checklist for clients.