MP Tax Urges Local Businesses To Seek Available Support In Wake Of New Lockdown Restrictions

Melbourne-based accounting and consulting firm, MP Tax and Business Solutions is encouraging small businesses in Victoria, affected by the new Stage 4 COVID-19 restrictions, to seek professional advice to help them navigate the current crisis.

The Victorian Government announced in July that the ‘Stay at Home’ mandate would be reinstated across metropolitan Melbourne and Mitchell Shire for an initial six weeks to help slow the spread of coronavirus in Victoria.

However this stay at home order was expanded to a full Stage 4 lockdown on August 2^nd.

The news came as a devastating blow to many businesses within the metropolitan area, such as bars, cafes and indoor gyms, which having only recently reopened, are now forced to close their doors to customers once again.

Businesses within the metropolitan area affected by these restrictions are now eligible for an additional one-off business grant of $10,000 as part of the Government’s COVID-19 Business Support Fund – Expansion Program. The application window will close on 14^th of September.

MP Tax and Business Solutions provides advice and services across a range of financial matters, ranging from tax returns and consulting, through to corporate management and estate planning. The company’s deep knowledge and experience, combined with its team of trained accounting experts, mean that it is perfectly positioned to provide support and guidance for those businesses that are impacted by the latest restrictions.

Speaking about the Government’s business grant, MP Tax & Business Solutions Founder and Managing Director, Michael Paraskevas, said:

“While the new business grant and COVID-19 support fund announced by the Victorian Government is a welcome lifeline for many small businesses affected by this crisis, we are finding that many are not fully aware of the support available to them or are simply struggling to make accurate business forecasts for the next year, due to the uncertainty of the current situation.

“At MP Tax and Business Solutions, our highly skilled team are trained to keep up-to-date with the latest tax law and developments in business management practices, legislation and technology, meaning that we are superbly positioned at this time to support clients with our extensive knowledge and experience.

“This really is an unprecedented time for Melbourne and the world, so we would strongly encourage any small business looking for impartial advice or support to get in contact with us and see how we can help.”

​To find out more about the services offered by MP Tax and Business Solutions, visit www.mptax.com/au.