At William Buck, we have a dedicated team of professionals with specialist experience on a range of industry sectors and services.
Below, you’ll find valuable insights on how these industries and services have been impacted by COVID-19, including legislative changes and what this means for you and your business.
24 August | Lessons from an income break and how to safeguard cashflow during a downturn
Doctors and practices nationwide are suffering a variation in revenue due to a fall in the number of visits caused by the COVID-19 pandemic.
FAQs | Medical industry key questions answered
Our Team has collated frequently asked questions that concern the Medical Industry during these unprecedented times.
Advanced Manufacturing Growth Centre (AMGC)
The Advanced Manufacturing Growth Centre (AMGC) has introduced a portal for Australian manufacturers and individuals to register their interest and core competencies in support of the national response to COVID-19. The COVID-19 Manufacturer Response Register portal can be accessed here: www.amgc.org.au/covid-19-manufacturer-response
AMTIL is monitoring the situation and is working to support our members, partner organisations and the broader industry in these challenging times. AMTIL is also co-operating with partners in government and across industry to promote opportunities for manufacturers to assist in the effort to combat the pandemic. https://amtil.com.au/
Industry Capability Network (ICN)
Industry Capability Network (ICN) is working with Australian governments at all levels in response to COVID-19. It has established a portal as a forum for managing supply chain shortages, including identifying gaps in the supply chain and facilitating local businesses that can help fill these gaps. Visit the ICN portal here: gateway.icn.org.au/project/4531/covid-19-response
International Organization for Standardization (ISO)
In support of the fight against the COVID-19 pandemic, the International Organization for Standardization (ISO) has made freely available a range of ISO standards around personal protective equipment (PPE), respirators and other medical equipment. For details, visit: www.iso.org/covid19
12 May | Victorian passes COVID-19 land tax relief and commercial tenancy obligations
On 1 May 2020, the Victorian Government passed the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Regulations).
29 April | Can the construction industry drive the economic recovery from COVID-19?
The property & construction industry has underpinned Australian economic growth for much of the 2000s. It is therefore reasonable to expect that its ongoing success is paramount to supporting Australia’s economic recovery from the COVID-19 pandemic.
09 April | Federal Government releases commercial tenancies code of conduct
On Tuesday 7 April saw, the Federal Govenrment released another announcement in response to COVID-19, the Commercial Tenancies Code of Conduct. The Code establishes a mandatory framework for the landlords and tenants of SME businesses impacted by COVID-19.
Commercial tenancies code of conduct factsheet
Summary of key principles and features of the code.
COVID 19 | Commercial tenancies code of conduct
Director of Business Advisory, Paul Copeland discusses the Commerical tenancies code of conduct, how you can apply and if you meet the key criteria.
22 April | Thriving through Quarantine
As our country locks down and migrates indoors to flatten the curve, our consumer-based economy is suffering. We could be heading into a worldwide COVID-19 recession with the Australian Bureau of Statistics (ABS) expecting more than 80% of Australian businesses to be adversely impacted before the end of April.
11 May | Early access to superannuation: what are the risks?
We are experiencing challenging times and extreme levels of uncertainty at present and while Canberra’s early release of superannuation initiative will benefit many, here we explain why it’s important to exhaust other options first.
19 April | Some considerations for SMSF landlords providing rental relief during COVID-19
Recent developments due to COVID-19 have seen an array of rental reductions, waivers, and deferrals offered by landlords across the country for commercial and residential tenancies.
09 April | Super Guarantee Amnesty – take action now!
Given the Government’s recent announcement that many employees will be eligible to access up to $20,000 of their superannuation early due to the impacts of the COVID-19 pandemic, more individuals will be closely analysing their superannuation balances.
23 March | Canberra announces early access to super as part of COVID-19 ‘Safety Net’
Canberra has announced changes that have the potential to affect all superannuation fund members as part of the Federal Government’s ‘Safety Net’ package to counter the blows of COVID-19.
COVID 19 | Superannuation issues for employers
30 April | JobKeeper Program – Startup-specific issues and FAQ
Many startups are scratching their heads wondering if they actually qualify for the program and what do they need to do to be paid JobKeeper.
The purpose of this article is to provide insight on some of the most commonly-asked questions we have received from the tech sector over the last few weeks about how the JobKeeper measures apply to startups and scaleups.
29 April | Everything startups need to know about the JobKeeper 'alternative test’ to qualify
Since startups can scale rapidly, many of them are unable to rely on the “basic test” demonstrating a 30% decline in turnover in a particular month or quarter this year to the same month or quarter last year.
23 April | What startups need to do with their finances to survive the coronavirus
The coronavirus has dealt the world a one-two punch of a deadly health crisis combined with a devastating economic blow. Panic is setting in as hospital systems around the world are placed under tremendous strain whilst economies grind to a halt as shutdowns set in.
Stone & Chalk webinar | How to Apply for the ATO’s Jobkeeper
Director of Tax Services, Jack Qi, and Manager of Tax Services Alex Zinzopoulos discusses JobKeeper practical tips & issues for startups, including a discussion of the Alternative Tests.
Find the latest news on how COVID-19 is impacting businesses. Check in here to see our latest commentary.
14 April | Which sectors will be hardest hit by COVID-19?
COVID-19 has had a significant economic impact, the likes of which have not been witnessed for many generations.
The spread of COVID-19 has caused economies to slam on the brakes, causing enormous ripple effects through the global economy.
10 April | Business hibernation strategies
Businesses around the world are finding themselves in unchartered waters.
COVID-19 is having an unprecedented effect on business everywhere. For some businesses their supply chains have been impacted while for others, demand for their product or service has entirely dried up overnight.
08 April | The six-month safety net for directors – is it a free pass?
As part of the Government’s response to COVID-19, company directors now have a six-month relief from any personal liability for trading while insolvent.
01 April | How CFOs can pro-actively respond to the COVID-19 crisis
Coronavirus is a reality that, in 2020, will directly or indirectly affect us all.
How potentially devastating could Coronavirus be for economic and business activity? Those that work in Risk Management know it doesn’t take long to reach “Catastrophic”.
19 March | No business is immune to COVID-19: practical tips for your business during a global emergency
COVID-19 is first and foremost a global health emergency, and the top priority for governments, business leaders and individuals is human safety and well-being. However, the pandemic is having a growing impact on global and Australian Businesses.