Crisis creates opportunities and stimulates innovation. Survival is without doubt the most critical focus for start-ups during the COVID-19 pandemic, but it can also be a time for start-up founders to establish a solid and long-term strategic plan for scaling up a sustainable business in the long-run.
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Grant Thornton’s Corporate Finance and Financial Services team held a practical webinar this week to address how FinTechs can navigate the current environment.
As many employers still await further details about whether they will qualify for JobKeeper, the ATO Commissioner has extended the time to make payments for the first two fortnights (i.e. 30 March – 12 April and 13 April – 26 April).
COVID-19 has brought transparency to manufacturing – for the first time, consumers are starting to understand what we do and don’t make here, and changing their consumer behaviours with more knowledge of product origins.
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.
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.
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.
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.
FBT returns are due to be lodged in a few short months. To be on the front foot, listen to our one-hour free webinar as we discuss the latest updates on your critical employment tax obligations, including those that have come into play as a result of the COVID-19 situation.
COVID-19 has created unprecedented uncertainty for business, not just in Australia, but the whole world. How long this uncertainty will last is unknown. The Prime Minister has been telling Australians that this uncertainty is anticipated to last at least six months. There have also been reports that it will last for twelve months, possibly longer.
The Covid-19 pandemic continues to have a wide range of economic impacts for us all, and the Government is responding with a variety of assistance measures as these impacts evolve around us.
COVID-19 has already had a massive impact on Australia, even though we are still in the early phases of the pandemic. Businesses are trying to adapt to the changing environment in order to continue operating so that they can try to survive the difficult days ahead as the whole world attempts to win the battle against COVID-19.