Road to business recovery during COVID-19

No matter what stage your business is at, resources are available to help you and your clients navigate through a crisis.

As governments begin easing restrictions in stages, businesses will recover at different paces based on their location and industry. Our tips, checklists and templates will help start your business recovery.

In this publication, joint professional bodies explore the difficulties that directors, preparers of financial statements, accountants and auditors face when disclosing the impact of COVID-19 in their annual reports.

As organisations continue to respond, recover and re-create themselves, our members are finding they are taking on a variety of tasks including strategic planning, risk management, scenario modelling and financial reporting functions. This briefing from the CPA Australia ESG Centre of Excellence explores some of the key risks from COVID-19 that accountants, risk managers and other board executives or advisers should consider irrespective of size, nature and complexity of business.

This SWOT analysis template will help you identify your business’s strengths, weaknesses, opportunities and threats so you can make smarter decisions moving forward and better understand your business. By addressing these characteristics, it gives you an opportunity to take stock of your business and figure out where you can improve.

This fact sheet is aimed at small e-commerce businesses. It provides advice and tips on how to on to stand out from your competitors and how to build trust with your customers.

Once you’ve made the decision to close a business, it’s not simply a matter of shutting the doors and handing the keys back to the landlord. Whether you’re selling your business, merging with another business, passing it on to family members or key staff, or liquidating the business, this checklist sets out the actions business owners should consider taking.

There are many reasons why a business owner may want to exit their business. Regardless of your reasons, planning your exit to maximise your business’ value will probably be the most important decision made during your business’s lifecycle. This guide will help you through the process, including ways to exit your business, selling your business, merger, succession, closing your business, solvency and any other issues you need to consider.

This factsheet provides an overview of the options available for your clients in financial distress, in order to help you navigate them through this health and economic crisis.

We’ve produced this factsheet for public practitioners because the risk of corporate failure under the current and evolving COVID-19-related economic circumstances is unprecedented. This guide provides clarification on insolvency matters, including insolvency as opposed to a temporary lack of liquidity; the nature of due and payable; relationships between debtor and creditor, and the course of commercial dealing; and indicators of insolvency.

If you're struggling to keep up with compliance obligations or experiencing concerning changes in customer behaviour, it could be an early warning sign that your business may be in trouble. This factsheet can help you identify the warning signs, take early action and get back on track.