Solvency Rules That Could Make or Break Your Practice

Too many small businesses look liquid on paper but fail the legal test that matters most—solvency. If your clients are trading while technically insolvent, they could face shutdowns or legal action, and you could be held accountable. This article breaks down what the solvency and liquidity test really means under the Companies Act, where it applies, and what every Business Accountant in Practice must do to protect their clients and their own credibility.