COVID-19: Business continuity planning

Get through unexpected times

Liston Newton Advisory
Liston Newton Advisory is rated 4.8 from 32 reviews
HomeServicesBusiness Advisory

Regain stability with a business continuity plan

We're committed to helping businesses through difficult and unexpected circumstances brought on by COVID-19. We'll work with you to set up a plan to move through and beyond a crisis, and focus on what's important and realistic for you.

Read our FAQs at the end of this page for information on:

  • Maximising cash receipts from stimulus package
  • Preparing a cash flow forecast for 12 months
  • Delaying tax payments to the ATO
  • Additional bank funding

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Create and implement and effective business continuity plan.
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Get your business on the right track

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A wealth of experience

In our 40 year history, not only have we made countless business plans for our clients, but we've successfully planned our own business success.

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Capable and qualified

Our team is qualified to provide a wide range of business advisory and accounting services, including business planning and personal wealth creation.

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Systems and processes

Our business planning is backed up by rigorous systems and processes which we've developed and improved over our 40 year history.

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Long-term client partnerships

Planing for long-term success means we need to have a long-term relationship. We build strong partnerships with all our clients.

Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
  • Understand and apply new business management technology
  • Get in touch with us for information tailored to your business

Our business continuity planning team

Maintaining business continuity in a crisis is uniquely challenging when you don't know what's coming next. Implementing a business continuity plan gives you a foothold in an uncertain environment.

Our team can help you with forecasts, protecting your personal assets, additional bank funding, and more.

When it comes to crises like the COVID-19 pandemic, it's hard to set up a meeting; so we'll come to you virtually. Whatever it takes, we'll be there to support your business continuity planning.

Stewart Lane, Partner & Head of Tax

Meet our business continuity planning team

We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan

Our method for a successful continuity planning

A comprehensive plan will set you up for success. By understanding what your goals are, and what's achievable for your business, we're setting up a plan that works uniquely for you.

We have a unique approach to business continuity planning and  advice. By taking a holistic approach to financial services, we can make sure your business is set up for the future.

Find out how we do things
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Expertise you can trust

We have over 40 years of experience planning successful businesses, including our own.

Our case studies

Having a plan will help your business and employees in a time of need

Find out what's possible for your continuity plan. We can help.

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Frequently asked questions

How can I maximise cash receipts from the stimulus package?
  • Work with your accountant to identify which key parts your business is eligible for and get the process started to obtain these cash flow bonuses.
  • Ensuring your BAS is up to date and lodged so you can access funding.
Should I prepare a cash flow forecast?

Yes, create or update your business cash flow plan over the coming months. You need to your daily and weekly planned cash position to make informed decisions, like when you may need additional bank funding, or reduce staff numbers.

Can I delay tax payments to the ATO?

Yes. Keeping your business alive means paying your employees, your key suppliers, your rent, and your accountant each week. These are the assets you use to navigate a crisis. Nothing else matters in the short term.

You may need to delay making payments of GST, PAYG Withholding Tax and Employee PAYG Tax to the ATO.

You should set up a second bank account (separate from your main trading account) and each week transfer cash for these payments across into it. If needed, you can then dip into this cash reserve to keep your business alive.

  • Businesses can request a deferral of some payments (by up to 4 months) and vary instalments.
  • If you have under $20 million turnover, you can elect to report and pay their GST monthly instead of quarterly to accelerate access to GST refunds, but only from 1 April 2020, and must remain monthly for 12 months.
  • Payers can vary their PAYG instalments for the March 2020 quarter, and claim a refund of instalments paid for the Sep and Dec 2019 quarters.
  • You can request remittance of interest and penalties applied to tax liabilities incurred after 23 January 2020.
  • You can also request a low-interest payment plan.
Should I get additional bank funding?

Arranging for additional bank funding or lines of credit that can be approved now for use in an emergency. We have our own credit licence and access to a panel of over 25+ lenders.

How can I protect my personal assets?

Now is the time to upgrade or update your asset protection. Consider if you need to protect the equity in your family home or other assets in personal names with a "Gift and Loan Back arrangement" — with no stamp duty or Capital Gains Tax consequences.

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