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Last updated 10:48am 8 January 2021

It’s no secret coronavirus has rapidly affected spending.

To assist with handling the evolving situation regarding Coronavirus (COVID-19) we have created a dedicated information source relevant to business owners with employees. If you're a sole trader or a non-employing business, you can find more information relevant to your situation here

Here you will find information to help you make informed choices when faced with the tough decision of needing to close your business – whether it be temporarily or permanently.

Last updated: 4:12pm 20 November 2020

Health authorities are warning Australians to approach the easing of COVID-19 restrictions with care by avoiding complacency.

As recent events have shown, in times of crisis even the most sensible and stoic among us can still be prone to panic. In the face of fear and uncertainty, we humans are hardwired to give in to our instinct for self-preservation, often to the detriment of rational thought. We look at the psychological forces that drive us to panic and how you can combat these urges to steer your business in the right direction.

Mackay Goodwin has put together a three-part survival pack to help business owners consider all their options and make difficult decisions in a very tough environment. Read on to find out more about Step Two. You can catch up on Step One here.

To quote a rather well-used phrase at the moment, these are unprecedented times. I would say they’re times for questioning the way we do things and with a bit of luck, find ways to do them even better.

Australia’s economy is in hibernation. And while the situation may be far from ideal, it does present an opportunity to take stock of your business and make improvements that you might not have had time to tackle otherwise.