Our latest insights

After three weeks of constant discussions with our primary care clients at the front line of the Covid-19 health crisis, there can be no doubt our country is incredibly lucky to be served by a group of professionals so dedicated not only to their own patients, but to the community as a whole.

In his statement following the latest meeting of the National Cabinet last week, Scott Morrison announced only one element of the plans for rent relief to deal with growing loss of income being experienced by Australians: a moratorium of 6 months on evictions due to financial distress.

With the world now in the midst of a global pandemic, businesses are facing disruptions across all aspects of their operations and in the marketplace. These disruptions are challenging for everyone in different ways — but for some businesses, it means confronting a very stark reality: heading into the zone of insolvency for reasons outside their control.

The State and Federal Governments have been consistent in their support and contribution towards the health and safety of our most vulnerable Australians – the elderly.

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.

While many retailers have opted to close their doors and wait out the storm, there are those that have pivoted and innovated to emerging customer demands – with sales for camping gear, exercise equipment, home entertainment and arts and crafts going through the roof.

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.

This afternoon the Prime Minister announced a $130b “JobKeeper” package – the largest package delivered by the Federal Government in response to COVID-19 to date.

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.

COVID-19 has significantly reduced the number of shoppers that are visiting Australian shopping centres for reasons other than to shop for food and other essential items that will allow them to maintain social distance, and if necessary, self-isolate for a period of time.

Under the best of circumstances, a week is a long time in any active corporate transaction process. It’s constantly subject to external forces — market valuation considerations, stakeholder approvals, availability of credit, to mention just a few.