We are all facing rapid changes within our communities on a global scale due to Coronavirus (COVID-19). There is a lot of uncertainty amongst everyone in Australia and around the world, including tradespeople across all trades. At All Trades Cover, we are here to answer any questions you may have and support you during these challenging times.
All Trades Cover CFO, Rachael, can provide information you may require on business planning, HR, how to approach your finances, and anything else that may be a concern for you. Whether you are covered with All Trades Cover or a new client, or simply need to talk to someone, Rachael is here to guide you and your business. If you need to get in touch with her, you can call our office or inquire via email, and we will ensure to get your details to her as soon as possible.
We also have resources and experts available to you to aid with your business, such as referral partners, accountants and mortgage brokers. If you are unsure what expert you need to contact, give our office a call, and we will direct you to the right professional.
What to Do if Your Business is Affected by COVID-19 Outbreak
Business is about adaptation, constant change and evolution. Coronavirus pandemic is forcing us into change, and even though it is going to be difficult at first, there are things you can do to ensure your business continues to grow and thrive in the future.
If you are on a payment plan with the Australian Taxation Office (ATO), they are offering deferral of payments for up to 4 months. To find out more and see all support options available, go to the ATO website. Remember to apply for assistance with the ATO. Consult with your tax agent or a bookkeeper, and take note of cut off dates for applications. If you don’t have a tax agent or a bookkeeper, please contact All Trades Cover now, and we will provide advice on how to proceed further.
If you have insurance with All Trades Cover and are experiencing financial hardship due to recent events, please contact us now, and we will be able to discuss all possible options available to you.
Business Disaster Planning
Before making any decisions during stressful times, consider talking to professionals first and creating a business disaster plan. Once you have a plan for your business, you will allow yourself to have more space for decision making. With a plan, instead of making impulsive decisions, you will simply follow a strategy, that will bring your business forward.
Here is a list of resources to help you find information about disaster planning:
- Business: Disaster Assistance
- Business: Coronavirus Information and Support for Business
- Business: How to Prepare an Emergency Management Plan
- ATO: Dealing with Disasters
How to Move Forward with Your Business
Take a look at your business plan and determine what changes you need to implement. If there is an option available, move your business online. Zoom is a great tool to use for service-based businesses, and you can manage your staff through Microsoft Teams.
In current circumstances, you might have more time to look for other opportunities and innovate. When you look at your business continuity plan, if you decide to run your business from home, you may need to implement new policies. Before taking your business online, call your suppliers and find out what resources are available to you at this time.
At All Trades Cover, we believe the challenging times we all face due to the COVID-19 pandemic may help you and your business grow. Let us know if you or someone you know needs assistance. All Trades Cover is here to provide help to everyone.