Explore the actions and considerations that may be in focus for tax, treasury, and legal teams as businesses navigate financial planning and business recovery in the current environment.
As the global response to COVID-19 has sent shockwaves through the economy, business leaders are seeking to rapidly assess the level of disruption. In this current timeframe, it is essential to review and identify business, tax, and legal priorities that can safeguard your organization.
Given the importance of cash flow to the business, treasury teams are quickly evaluating cash management, financing, and risk management to help manage corporate cash positions as a result of the disruption caused by the pandemic. While business-critical areas will rightly demand the most focus, tax considerations and legal implementation can have a significant impact on the outcomes of actions that treasury teams take. To help you act decisively in this current business climate, our team of tax, treasury, and legal specialists have outlined some key considerations and practical steps to think about in the immediate future.
Deloitte’s global tax and legal professionals will work with you to help you manage the disruption to the business and identify immediate business, tax, and legal priorities. During this volatile time, having a framework for reviewing the current financing and treasury strategy is critical. Deloitte believes that this framework allows companies to balance long-term planning with short-term demands for survival and future growth with resilience.
For more information on the impacts of COVID-19 and important considerations for your financing and treasury department, please contact the specialists below.