The impact of COVID-19 is already being felt across the region and businesses need to have a plan in place to persist through the impacts and enable recovery from this ordeal.

Cash flow is king and you need to have a contingency plan maximise cash over the coming weeks and months.  What does this look like for your business?

• What are the risks for my business?
• Do I have a plan?
• What does my budget/cash flow look like now and for the coming months?
• What can I do immediately to maximise my incomings and minimise my outgoings?
• What else am I prepared to do and/or sacrifice at certain points if the outlook worsens?
• Will the government’s employer support package help me?
• Can I defer upcoming tax payments or making payment arrangements with Inland Revenue?
• Should I change loan payments to interest-only?
• Do I need to borrow more?

Talk to your advisor now to ensure you have the right plans in place.

Best wishes, 
Craig