PKF Pulse – Summer 2020
Welcome to the Summer 2020 edition of PKF’s Pulse.
Well what a year 2020 has been, one that none of us will forget. I am sure we will all look back on this period and take from it learnings about business and life as we were accustomed to but equally the positive lessons in life that it has delivered. As I recently read “2020 is not the year to get everything you want but the year to appreciate everything you have”. With Christmas less than a month away not a bad thought to reflect on for us all.
But despite what 2020 has thrown at us all, we also see hope and joy. The trend to put up Christmas decorations early and transcend into a mode of celebration has put a smile on the faces of many.
In the last edition of Pulse, we focused on the positives that have come out of the pandemic and highlighted the opportunities we have to make changes and reap the rewards. This time around, we are back to business and in this edition of Pulse, we discuss everything from mental health to leadership styles, as well as some more technical articles concentrating on land tax changes and tax planning for SMSFs.
Our corporate finance team highlight an impressive recent IPO whilst also giving vital information for anyone getting ready to list – is your business really deal ready? Find out on page eight.
Two of the industries hit hardest by COVID-19 have been the hospitality industry and charities. In this edition, Scott Tobutt highlights the top five things for pubs and clubs to focus on going into 2021 and Anthony Sullivan demonstrates that data analytics, used properly, can have huge benefits for your business.
Corporate Social Responsibility (CSR) is an essential part of a business in today’s world where accountability, transparency and sustainability are paramount. But COVID-19 has impacted how much we can do for our not-for-profit and charity friends. With volunteer numbers and cash donations down, many are struggling.
As a core value of giving back to those less fortunate, the PKF team at large is devoted to CSR, being involved in many charities and NFP organisations. We’ve taken some time out to highlight some of the not-for-profit clients and charities that we support and hope, that you may also find a way to support those that are important to you too.
Of course, CSR is not solely about charitable giving, it is about honesty and integrity and being a good citizen. Our PKF Integrity team alongside Baidy Laffan discuss exactly that when they examine whistleblowing in the workplace and casual employees leave entitlements, respectively.
For Australia as least, it feels like we are starting to approach a semblance of normalcy for both businesses and personal lives. Whilst we miss the big get-togethers, we (metaphorically) embrace the small gatherings we can have and enjoy the intimacy that these provide.
On behalf of PKF, I would like to express our sincerest gratitude for your support throughout 2020 and allowing us to be a part of your journey. It is something we do not take for granted. To you, your family and team we wish you a very Merry Christmas and may 2021 be a prosperous New Year!