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Your Knowledge Sept 2020

1st September 2020

Below is a summary of whats inside this months newsletter.

Click here to read it in full -----> Your Knowledge Sept 2020pdf.pdf

Has Covid 19 devalued your business?  If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to
what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?

Jobkeeper Alert - With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper.

Tax on Covid 19 grants - Income tax Grants are likely to be taxable unless they are specifically excluded from tax.

Forecasting during a pandemic - Now, more than ever, business operators should
have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.