Member Spotlight: Crowley Calvert & Holmes Pty Ltd

This Palm Beach business is busier than ever, supporting their clients as they navigate their way through unprecedented levels of uncertainty and a minefield of financial support.

We all know this end of financial year is a little different. We can all agree this financial year has been tough at times, but nothing is tougher than understanding the rules around tax time after a major (international and national) financial crisis. Locally based business, Crowley Calvert & Holmes Pty Ltd is continuing to offer accessible and impeccable service to those looking to understand and traverse the minefield that was the 2019/20 financial year. Offering online support during these unprecedented time, the team have worked tirelessly to ensure clients and community have the support and certainty they need. Crowley Calvert & Holmes is the first to admit that while there will always be teething problems when the government introduces a new system such as JobKeeper wage subsidies, rapid-fire changes made it extraordinarily difficult for businesses to understand the complexity of the financial support offerings and the frequency with which the rules kept changing. Though, the team at Crowley Calvert & Holmes assures it is busier than ever, supporting our clients as they navigate their way through unprecedented levels of uncertainty, and a minefield of financial support offerings at both Federal and State government levels.

Crowley Calvert & Holmes says that as we move closer to the EOFY; holding sufficient working capital is key to surviving uncertain times. Don’t be tempted to spend money purely to get a tax deduction; spend in areas that will drive your business forward. The team offers this advice for those looking to strengthen their financial management during the COVID-19 recovery phase:

Examine each and every business decision carefully. We become complacent in the good times – the impact of COVID-19 creates an opportunity to challenge the processes, procedures and expenditures that may have become ‘the way we do things around here’. It will take some time to come to terms with our ‘new normal’ – so stay informed and stay versatile.

Members are encouraged to seek further advice here.