b'ACCOUNTING COLUMNto those critical customers to understand ifNows the time to maximize governmentincrease your down payment to create a and how their needs have shifted. grants, tax and filing deferrals, creditslower and more stable monthly payment. and other financial or worker supportHowever, you first need to ask: will Consider whether you need to adjustopportunities. Some programs are beingthis equipment earn enough to pay the your sales channels. For example,extended or modified. Check out our mostmonthly payment based on the minimum some customers who were historicallyup-to-date list atmnp.ca/en/covid-19. down payment?uncomfortable operating in a digital world may be changing their preferences.EQUIPMENT PURCHASES CONCLUSIONTo minimize supply chain disruptions,AND CASH FLOW Cash flow is tricky and should always coordinate with key suppliers to ensureMost people consider the overall price ofbe something you focus on. All strong you can meet your critical deadlines.the items as well as the cost to finance, butbusinesses have good cash flow and use Communication and collaboration areonly some consider the impact on cashmany of these strategies to maximize key. Then create specific procedures toflow. The length of the term and downtheiropportunities.engage and retain these strategic partners. payment play a significant role.From project structuring and tax To preserve cash flow gaps, manageYou can decrease your business monthlyminimization to asset protection and payables carefully, prioritizing importantcash requirements by lengthening thesuccession, MNPs Real Estate and term of your purchase. You will pay moreConstruction team looks at your operation strategic vendors when timinginterest, but a longer term can reduce yourfrom all angles and develops personalized payments. For others, discuss flexible ormonthly cash outflow. strategies to help you succeed. Contact extendedpayments. Brian Laveck, CPA, CA, Regional Leader, Try to minimize your down payments toReal Estate & Construction Services at 3. Tap into government support programs. ensure stable cash flow. You may wish to250-979-1731 or brian.laveck@mnp.ca.The path forwardThe decisions you make now will define your future.Were here to help you make sense of government programs and tax policy - and provide strategies to guide your real estate and construction business forward.Brian LaveckRegional Leader, Real Estate and Construction Services | 250.979.1731 | brian.laveck@mnp.caMNP.ca/COVID-19SICA CONSTRUCTION REVIEWSpring 202129'