Tax, legal, financial and people points to consider for your organisation
Now that the coronavirus is spreading worldwide, the first priority is the well-being of people. But the economic impact of the measures taken by the government to curb the further spread of the virus is also very significant. No one can yet foresee the full extent of the consequences of the corona crisis. However, there are practical points of attention and measures that you can already take now to limit the consequences for your company as much as possible.
On this page you will find an overview of how you can further prepare yourself, what support measures the government takes and what measures you can take yourself to ensure the continuity of your business.
An important first step is to gain a good insight into your liquidity position in the short and medium term. The pandemic and the measures taken may cause a significant decline in your income and cash flows. If you are unable to adapt your spending pattern accordingly, your liquidity position will deteriorate rapidly. It is crucial to take rapid and thorough action. As time passes you will have few options to prevent a liquidity deficit.
There are various measures you can take to avert a liquidity deficit as a consequence of the coronavirus crisis. In any event, we believe you can take steps in five areas:
It is also important to enter into timely communication with your customers, suppliers, employees, financiers and other stakeholders. Explain the consequences of the coronavirus crisis for your company and how you are proactively responding. Show which measures you are taking and, by doing so, ensure that you keep control.
The above consequences also apply to our own employees. We therefore take various measures to protect employees, customers and visitors against the coronavirus as well as possible. Given the current concerns about COVID-19, we have prepared information to help you answer any questions you may have about our ability to continue to provide services.
Below you will find an overview of points of attention for your organisation in the tax, legal, financial and people areas.. We will update this information in the event of new developments or new government measures.
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