What happens when the train crashes? This presentation provides practical advice on how to assist your client in this situation. Step through this case study where all of the events that you have been planning for with your client arise simultaneously:
- the ATO initiates a GST audit
- the client is part way through the year end audit
- the married business owners advise you that they have separated and are planning to divorce
- the bank is about to call in the receivers due to the impact of the GFC.
How do you set priorities in this situation? What should you advise on and when do you need help from specialists. How much do you tell each party about the other issues?