Our latest insights

COVID-19 has cast uncertainty around the value of an earn-out where the business’ financial performance is being impacted by current abnormal trading conditions, either adversely or favorably.

In the current environment, the values of family businesses are being tested. Your people are like family. 1.4 million family businesses in Australia, employing more than 50% of the entire workforce, are trying to hold on to their staff and maintain their family unit that is their business.

With the recent closure of restaurants for dine-in options, many NFP employees including health care workers, were effectively unable to access the meal entertainment part of their salary package.

With the world in the grips of COVID-19 and facing tough knock-on effects to all parts of the economy, the Australian Government has released multiple massive support packages to provide relief to individuals and business owners.

The National Cabinet’s mandatory code of conduct for commercial tenancies is now starting to be implemented by each of the States, with most of the States providing announcements around their versions of concessions for landlords.

With Treasury suggesting the unemployment rate could peak at around 10% for the June quarter – it’s more important than ever for companies and their employees to stay connected and work together.

Whilst so much has changed in the world around us, a school’s governance requirements under State legislation and relevant Guidelines remain to ensure that schools are meeting certain registration and accreditation requirements.

The JobKeeper package is an extremely important lifeline for Australian businesses, with more than 760,000 businesses registering for the $1,500 per fortnight wage subsidy with ATO in a little over a week.

Commercial property has been a key focus for policy makers, with a major component of the Prime Minister’s hibernation strategy being rent relief and the recently finalised Commercial Tenancy Code.

As a consequence of COVID-19, many businesses are facing or about to face unforeseen challenges and even financial distress. To equip you with the tools to respond to your client’s needs, watch our Affinity Critical Update webinar.

Every day has been like Christmas trading for essential retailers like Woolworths and Coles with significant supply and demand issues experienced in the past month – and not just for toilet paper.

Hot on the heels of the Cash Flow Boost, a $32 billion program itself, the Federal Government has announced the JobKeeper package at a massive cost of $130 billion.