ATO obligations

Your team at CSCG will assist you with ATO contact, applications and registrations to get the best outcome for you and your business.

We encourage you to reach out to your CSCG tax team contact to discuss whether any of the concessions that have been outlined previously in our stimulus email may be available to your business. These concessions could assist in receiving some immediate cashflow and alleviating some compliance pressure.

In addition, all of our senior advisers are well equipped to provide guidance to assist you to review and manage your business through this difficult time. 
 
Some of the key items that should be part of your review:
  • Well being of staff and customers/clients;
  • Discretionary and non-discretionary expenses, and what can be done to reduce or defer them;
  • Impact on revenue and what can be done to protect it;
  • Impact on accounts receivable;
  • The timing on the concessions and stimulus packages to be provided by the Federal and State Government;
  • Any potential support from the bank such as repayment deferrals;
  • Overall impact on cashflow after considering all of the above;
  • Communication with your stakeholders – in particular staff, customers, suppliers and the bank.
As new announcements are made by government and financial institutions, we will continue to keep you abreast of developments.

Contact your CSCG to work through the opportunities and concerns.
Bank obligations 

Australia's biggest lenders have slashed commercial lending rates in an emergency bid to stop small businesses from collapsing as coronavirus worsens.

The Commonwealth Bank, Westpac, ANZ and NAB - Australia's biggest business lender - have announced major reductions in lending rates. 

The co-ordinated relief for employers occurred as the Australian Banking Association announced that 11 lenders would be giving their business borrowers a six-month holiday on their mortgage repayments.

Smaller lenders, including AMP Bank, Bank Australia, Bank of Queensland, Bendigo and Adelaide Bank Limited, HSBC, Macquarie Bank and Suncorp are also giving six-month repayment holidays to small business customers with less than $3 million in total debt.

To discuss your commercial leaning requirements please call Shane Payne our lending specialist. 
 
 
Our response to COVID-19
 
 
As the COVID-19 situation continues to evolve, we want to update all of our valued clients on how CSCG are responding to these challenging and unprecedented times.
 
We understand that connectivity and exceptional client service has never been as important as it is now, and we stand by our commitment to our staff and our amazing clients.
 
CSCG remains fully operational 
 
We remain open for business and are completely focused on supporting our clients as they work through their own business challenges. In the event that we are required to shut the office at short notice, we have tested and are ready to utilise many of the benefits that our most up to date technology provides. 

Our team is meeting daily to discuss the situation as it changes with our priority being the health, safety and well being of our clients, our staff and the broader community. 

We have currently implemented the following health and safety procedures:

•    Various CSCG staff working remotely
•    Alternative meeting arrangements including video calling
•    Extra hygiene measures in our office 
•    Providing hand santiser for all visitors & staff 
•    New heath policy on visors & staff