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With the COVID-19 outbreak and the nation-wide lockdown, the last few weeks have proven to be a challenging time for businesses who depend on day-to-day cash transactions. Restricted cash flows have made it difficult for them to make timely payments to their employees and suppliers/vendors.
Extension of the cheque's validity span has now become the need of ours in this crucial time. It will be more helpful to small vendors, creditors, and many other corporate companies and also to all business models. Hope the government will understand this serious matter and take the necessary step to boost up the activities and once again the economic engine will be back on track.
We shall discuss How we can continue providing our professional service to our client in lock-down 2020
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Entering into lockdown phase 3 and relaxations coming from the government, we can conclude that in a couple of weeks gradually we all will be resuming to work. But small and mid-sized CA firms should be prepared to make these changes.
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