The business market is extremely odd; some industries definitely need the extended JobKeeper payment whilst others are having record months.
It has been a challenging period for all over the last 6 months and we believe it is going to be an unstable environment for many months still to come.
If your business has not recovered and you are concerned or you have been unable to make progress on your own, contact us and let’s work together to have a plan, especially if the JobKeeper extension applies to you.
On the other hand, if you are one of the luckier ones with a business that is booming, you also need a plan to generate cash reserves to ensure that your business is in a position to survive any lockdowns should there be any recurring COVID19 events. With Victoria waiting out a punishing lockdown period, businesses are suffering again, whilst Auckland just extended their lockdown from 3 days to a full quarantine cycle. Whilst they remain optimistic, business has been disrupted despite the shorter lockdown period.
Our team works with a number of businesses to formulate and deliver robust COVID-19 action plans and it is no coincidence that these are the operators that seem to be reopening with cash reserves and have managed to be fully operational in the upswing.
Omnis Group are modern, forward-thinking Business Accountants in Perth, providing practical, proactive, real-world advice and support that goes beyond the basic preparation and lodgement of tax returns, to identify opportunities for improvement in your business. Call us in Subiaco on 08 9380 3555.
We are committed to providing a safe, clean and healthy workplace and we are happy to have client meetings in person or via Zoom, so let us know if you have any queries about this topic.