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Integrity, Innovation & Commitment
Small Business Owners Experiencing Mental Health Issues

Small Business Owners Experiencing Mental Health Issues

  • Thursday, 30 April 2020 16:37

The outbreak of COVID-19 is having an overwhelming effect on individuals, businesses and communities. Having a mentally healthy workplace is important.

Everyday pressures, unexpected life circumstances, stress, depression or anxiety can have a negative impact on your quality of life and ability to run your business. This can affect the people who are involved with your business including employees, contractors, partners and clients.

Your mental health is important, so it is good to learn how to recognise warning signs or ‘red flags’ that may suggest you need to reach out for support. Common warning signs include:

  • finding it hard to concentrate
  • avoiding necessary day-to-day tasks and obligations
  • feeling irritable, stressed or teary
  • constantly thinking of work, even during personal time
  • being unable to sleep
  • disconnecting from friends and family
  • changing eating and/or drinking habits.

We understand these circumstances can affect meeting your tax and super obligations. If you are having difficulty paying your tax, we encourage you to contact us or the Australian Taxation Office (ATO) as early as possible. We want to work with you to solve the problem before the situation escalates.

Beyond Blue (coronavirus.beyondblue.org.au) offers a Coronavirus mental wellbeing support service with information, advice and strategies to help you manage your wellbeing and mental health, including support for small business owners. Trained mental health professionals are available to talk to you 24 hours a day, 7 days a week, via phone, webchat and email.

 

 

Let us advise you with your accounting and taxation needs!