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Welcome to our new monthly newsletter where our team will share national and local insights relevant to you and your clients.
It’s been unprecedented times with bushfires, floods and a global pandemic. As a valued contact of the RSM Restructuring and Recovery team, we will be drawing on our team’s knowledge to share ideas that could assist business owners in either recovering and forging ahead for the future, or perhaps supporting them to make tough decisions that may involve liquidation or declaring bankruptcy.
Business is personal to us, and we know as part of the Restructuring and Recovery team that we are often working with people who may be experiencing one of the most stressful times in their lives. We are here to help with open, transparent, professional and tailored advice that provides them with options and gives them back some control.
Ultimately, business problems are people problems.
We can help your clients take back some control of their financial situation and review their options. We can’t promise it will be an easy conversation, but it will be a worthwhile one.
We hope you have enjoyed our monthly insights newsletter.
If you have any feedback around topics you’d like us to cover in future editions, please get in touch.
Best regards,
The Restructuring and Recovery team
BLOG POST
Top tips for business owners
The National Head of Restructuring and Recovery at RSM, Greg Dudley, shares his top tips here to help equip business owners as they reassess their situation now, post-2020, and as Government subsidies and safety nets for businesses, such as JobKeeper, are phased out.
Proposed updates to the ePayments code to include extending the code to small businesses operators will be critical in keeping consumers and business owners safe as online buying and electronic payment habit become the norm.
SECTOR SPOTLIGHT
TOURISM
International travel is at an all-time low and with the pandemic sadly still unravelling in countries such as India, there is no immediate end in sight to the pain felt by many tourism operators who rely on international travel dollars.
The good news is, domestic travel rates are soaring. Australians are keen to explore their own backyard and are ready to spend. The current situation presents both opportunities and threats to businesses operating in the tourism sector. According to ABC News: “Boston Consulting Group (BCG) predicts the long-term impact of the COVID crisis will be more pronounced on business travel than on leisure travel."
