Dealing with COVID-19 as Privately owned business
Although the Covid-19 crisis is first and foremost a public health emergency, the economic impact of the virus is beginning to emerge and it is clear that all businesses will be affected, regardless of sector. For some businesses, the pandemic has already had a detrimental effect on cash flow which requires immediate attention; others are at a stage where it is essential to start serious contingency planning for a global economic downturn. At Mazars, we are supporting businesses to act now to protect against the worst effects of the crisis. Below we outline two approaches to manage your business through this crisis.