COVID-19 Mazars Global Insights
Our Global Tax and Law Tracker is an interactive tool to help you find and compare policy developments around the world. And our Covid-19 insight series shares the views of our experts, who are helping clients understand the new working world and deal with today and plan for tomorrow.
INSIGHTS FROM OUR INTERNATIONAL EXPERTS TO HELP YOU DEAL WITH COVID-19
Below we share our expertise and experience, with advice on protecting teams, ensuring business continuity, supporting organisations during difficult times, and more.
What will T&L look like post Covid-19?
16/04/20 The impact of the Covid-19 pandemic on transport and logistics has been heterogenous, largely due to the diversity of and vast number of players in the sector. The cards have not been dealt evenly. Flightradar24 reports a 55% drop in commercial flights compared to March 2019 [1], whilst sales of food in supermarkets exceeded the Christmas shops many times over in the UK [2], with incidence...
How Covid-19 affects the media sector
20/04/2020 As people spend more time at home, content providers are caught between increased customer demand, fierce competition and falling advertising revenues. While some stand to gain from new working arrangements, others are losing this new commercial battle. Free content that hooks users in these changing times could be the key to long-term success.
Global Mobility Alert April 2020
We hope you and your families are healthy and safe during these uncertain and unprecedented times. The global spread of the COVID-19 affected many employers and forced them to take some difficult decisions, trying to balance the health and safety of their employees with the need to keep the business running.
Impact on transfer pricing
05/05/2020 The Covid-19 pandemic has caused states to close entire sectors of the economy for the first time. As the virus fuels economic crises around the world, serious questions have arisen over how transfer pricing policies of multinational companies will be affected. Multinational companies (MNEs) must anticipate the effects of the crisis in order to effectively manage the associated risks as...
How to adjust accounting to manage cash
23/04/2020 The current health crisis may have caused business to come to a halt for some, but for those operating in essential sectors, confinement measures have accelerated production and sales cycles. In whatever circumstance a business finds itself, it needs to find ways of managing available cash if it wants to be in a commercially viable position post-crisis. Since cash flow forecasts are driven...
Internal audit during & beyond the Covid-19 crisis
17/04/2020 This paper has been created to better enable Heads of Internal Audit to assess the key risks, redefine priorities and prepare for the future.
Crisis management planning to navigate Covid-19
16/04/2020 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. The initial hope was that businesses were facing a short-term challenge, and that after a short, sharp shock lasting a month or two, things would start settling back to normal. But that is now looking highly...
Rebuilding Credit Card Profitability post COVID-19
27/04/2020 The current pandemic is having far reaching consequences across all aspects of society. Compared to other industries the impact on the credit card industry is relatively mild and from a customer perspective the value of on-demand liquidity is now clearer than ever. However, there will be significant impacts on industry profitability. Reduced international travel will severely impact foreign...
How to manage teams during confinement
14/04/2020 After a few days of confinement, the initial tools for remote work have been more or less installed. Any technical problems have been solved, or are at least in the process of being solved, and a certain etiquette has gradually become respected; including, video call only if necessary, turn the microphone off when you are not speaking, share documents, use instant messaging. Although these...
Dealing with payment delays
08/04/2020 The global economy is weakened due to Covid-19: supply chains are disrupted, and market and consumer confidence is undermined. As the consequences of the pandemic continue to occur, many businesses should expect payment delays, loss of revenue and cash shortfalls. Working in these uncertain times, the ability of financial models to forecast business downturns will serve their owners and...
Amending and renegotiating financing contracts
07/04/2020 For borrowers and lenders alike, there is an atmosphere of confusion during these uncertain times. Banks are waiting to hear back from borrowers on the impact the crisis has had on their activities. Companies are expecting banks and other institutions to help them get through this rough patch through necessary measures. In this wait-and-see period, where communication is abundant despite...
Seven points of vigilance for corporate treasurers
06/04/2020 The Treasury & Cashflow Management department at Mazars has summarised seven important points for corporate treasurers in times of crisis:
Financial Services
Post crisis, almost every aspect of how banks operate and the rewards they receive have changed in ways we are only beginning to understand. Whilst we may not be able to predict what the future holds, our team can ensure the decisions you need to make are robust and deliver lasting results to you and your stakeholders.