Moore Stephens COVID-19 Management Plan - March 2020

This COVID-19 Management Plan is provided by Moore Stephens and covers the following topics:

• Economic Outlook
• Impact on business and how we can help
• Cashflow

- Cash Inflow - $100,000 PAYG refund

- Cash Inflow - Wage Subsidies for Apprentices and Trainees

- Cash Inflow – refund of PAYG Instalments - ATO

- Cash Inflow – remission of interest and penalties - ATO

- Cash Inflow/Deferrals– payroll tax concessions

- Cash Deferral - payment of certain tax debt – ATO

- Cash Deferral – ongoing tax debt – ATO

- Cash outflow – Increasing instant asset write off

- Cash outflow – Increasing depreciation deductions for businesses

• Bank loan payment deferral
• Loan guarantees
• Business as usual
• State and territory based support
• Employees
• Downsizing
• Estate planning and business succession
• Insurances
• Temporary relief for financial distressed business
• Action plan