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.
Business Support & JobKeeper
Our staff working remotely, offices closing until further notice
Current COVID Measures Available for Businesses
June 2020 Newsletter – What you need to know before 30th June
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