The importance of a positive mindset of Businesses during COVID-19 situation

The importance of a positive mindset of Businesses during COVID-19 situation

του | Μαρ 30, 2020 |

As the COVID-19 situation continues to evolve, Neil Hughes shares some insights on why business owners should adopt a positive mindset and the importance of SMEs signing up to the temporary financial support scheme that Governments are providing.

Countries like China and South Korea where the pandemic crisis started being serious in January and currently, in April they are getting back to normal. If countries like Cyprus and Ireland apply that analogy now probably people will start getting back to business in June early July.  

Businesses that are entitled to the government grants, whereby their business activities reduce by 25%, they have to claim any funds available. Businesses were paying taxes  in order the government to be in a strong position to support organisations when in need. 

Business people have to adapt a mindset that they are not even contemplating any other outcome than the recovery.

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Accounting, audit, tax and consulting – the life of your business. Hughes Blake is the Republic of Ireland representative of Integra International, a global association of independent accounting firms.