S
shannonman
Guest
Hi Folks,
I set up a business last year and while things have been reasonable I don't know whether or not I should cut my losses and try to develop something else.
At the moment the business (it's a specialist retailer) has pretty much done its peak business for the year. It currently owes around 11k to suppliers. Rates since November 09 are also outstanding. All other tax issues are in compliance.
Would it be advisable to have things looked at by an external accountant (as opposed to our regular).
There is approximately €60k in stock on hand along with another €5k in assets so I am still in a position to salvage something before things get potentially much worse.
Any advice or opinions would be much appreciated.
I set up a business last year and while things have been reasonable I don't know whether or not I should cut my losses and try to develop something else.
At the moment the business (it's a specialist retailer) has pretty much done its peak business for the year. It currently owes around 11k to suppliers. Rates since November 09 are also outstanding. All other tax issues are in compliance.
Would it be advisable to have things looked at by an external accountant (as opposed to our regular).
There is approximately €60k in stock on hand along with another €5k in assets so I am still in a position to salvage something before things get potentially much worse.
Any advice or opinions would be much appreciated.