Has all the negative media attention had you thinking about the effects of Coronavirus on your business?
Australian businesses are already being impacted by the effects of the Coronavirus and we understand that our clients will also have some concerns about the flow on effects to their own businesses.
No one knows the potential impact that will occur, however we are certainly aware of the current risks affecting business confidence and creating uncertainty within the economy.
You must be proactive in managing cash flow. Aim to reduce discretionary and non-essential expenses to minimise the impact on your cash flow. Cash flow is the key to survive and thrive.
We suggest the following points to consider now to assist your business and your personal finances through this turbulent time.
Our recommendations are:
The Federal Government have recently announced the following measures to simulate the local economy:
We will be keeping an eye out for the State Government’s upcoming stimulus packages and advise accordingly in due course. Please do not hesitate to contact us to discuss your business so we can assist in this uncertain time.
Victorian Business Support Fund, applications close 31/05/20
UPDATE: COVID-19 – JobKeeper Payments & Reporting
UPDATE: COVID-19 – SMSF Measures
UPDATE: COVID-19 – JobKeeper Payments & BV Support Grant
UPDATE: Coronavirus COVID-19 – JobKeeper Subsidy
UPDATE: Coronavirus COVID-19 – individuals & business
Staff Christmas Break Up 2019
Merry Christmas & Happy New Year