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Covid-19: Managing the crisis
All businesses should prepare a business continuity plan that assumes a worst-case scenario that could see the company operating at very low levels for several months.
There are a number of measures a business can take to ensure the continuity of its operations, Mazars will share advice, guidance and practical support from our business experts as this progresses.
What are the quick wins I can avail of in managing my situation?
- Consider your financial and cash position under a worst-case scenario and consider what measures are open to you to align costs with activity levels
- Avail of the relevant Government support measures that are available to you
- Communicate your position coherently with all key stakeholders such as employees, banks, customers, and suppliers
Download our Covid-19 Toolkit:
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Ramon Cutajar Advisory Director Birkirkara
Covid-19 Newsroom
As the COVID-19 crisis deepens and brings our economy to a standstill, what should business owners be doing to best position themselves for the immediate challenges that confront them? Our teams have set out below some useful information for business owners to help navigate their way through this unprecedented crisis.
Risk in the Boardroom Survey
Mazars in collaboration with Board Agenda and INSEAD has surveyed how boards maintain oversight of, and ultimate control over, risk in their companies.
Covid-19 and the world of private equity
We surveyed private equity firms and investors to understand the challenges, levels of optimism, and response strategies as a result of the Covid-19 crisis.
Dealing with the consequences of COVID-19: Insights from our international financial advisory experts
The Covid-19 pandemic is causing uncertainty and disruption around the world. Our priority at Mazars is to protect people and ensure business continuity and high quality services for our clients, all while working as one partnership, supporting each other across the globe.
How to ensure business continuity during and beyond Covid-19
Owners and managers of privately owned businesses are no strangers to overcoming challenges, but Covid-19 has created unprecedented issues that even the most experienced leaders are unsure how to handle.
How multinational enterprises can get their taxes in order during Covid-19
No aspect of a multinational enterprise (MNE) has been left untouched by Covid-19. Focusing on your tax affairs may not be front-of-mind at this time, but reviewing your obligations and fixing outstanding tax issues will help to stabilise your business and prepare for the future.
Business & Financial Sustainability program
The Business & Financial Sustainability program has been built around our tried and tested business planning service. It combines the longer term goals of the business with financial planning and specific crisis management objectives in order to help you navigate your business through the Covid-19 crisis.
Is your board providing genuine leadership?
Covid-19 is providing the biggest test for at least three-quarters of a century of boards’ ability to lead and direct their businesses in all weathers - sunny and stormy.
Time to digitally transform the supply chain
The Covid-19 lockdown has put renewed pressure on businesses to ensure their supply chains can keep up with fast-changing demand. Digital transformation is the answer to avoiding delivery delays and inventory issues, and by making digital interventions that enhance efficiency and reduce costs, a business can weather the current storm and prepare for future success.
Global Tax Webinar Series
In this webinar series, our global tax team will be discussing a variety of tax issues arising from the pandemic as it reshapes the global economy.
How well connected is your Board?
The Covid-19 pandemic, the most severe crisis boards are facing for at least 75 years, is testing many businesses to their limits. Some will fail, others will be severely weakened, but the best-led, the most well-connected, will emerge with substantially enhanced long-term potential.
How retailers are responding to the Covid crisis
Retailers around the world have found themselves bearing the commercial brunt of Covid-19 as shops closed and shoppers stayed home.
Covid-19 makes us question the societal and sustainable role of business
The fallout from Covid-19 has underlined society’s expectation of businesses to combine commercial priorities with wider social considerations.
Securing debt during Covid-19
Navigating the current debt landscape will be essential for securing a funding solution that works for any business's specific requirements.
Internal audit during and beyond the Covid-19 crisis
This paper has been created to better enable Heads of Internal Audit to assess the key risks, redefine priorities and prepare for the future.
Transfer prices in times of Covid-19
During this global pandemic, companies should urgently review their existing transfer pricing models in order to reassess transfer pricing risks, take appropriate countermeasures in the short term and find efficient solutions for compliance.
Crisis management planning to navigate Covid-19
As the Covid-19 crisis continues, it’s becoming increasingly clear that the challenges for privately owned business are going to last longer, and cut deeper, than anyone anticipated.
Businesses are fighting for survival: they need our support
Our globalised society has arguably never faced a challenge like the Coronavirus – references to battle and war feature in government briefings all over the world. We are truly living in unprecedented times.
Covid-19: Seven points of vigilance for corporate treasurers
The Treasury & Cashflow Management department at Mazars has summarised seven important points for corporate treasurers in times of crisis.
Organisational resilience: responding to the unknown
As the spread of Covid-19 continues around the world, many businesses are looking for ways to move forward and keep their customers happy and their people productive. In response to the pandemic, we ask our organisational resilience team what leaders can do to keep their people safe and their business working.
Covid-19: Riding out the storm
Over the years, many firms have invested considerably in business continuity planning in order to keep their business operational in times the crisis. The truth is, however, that few ever thought that they would have to resort to such contingencies.
Insolvency & Directors’ Duties
The scale of the COVID-19 crisis will undoubtedly lead to many businesses facing severe financial difficulty with some inevitably facing insolvency. In such circumstances, there are some key points that Directors should consider in managing the business.
Dealing with COVID-19 as a privately owned business
As we all know, the Covid-19 pandemic is a very serious threat to the health and wellbeing of people throughout the world. The spread of the virus, as well as efforts to contain it, are now significantly impacting our daily lives.