Below are some articles to assist our great clients in navigating this uncertain time. We are here to support you during this unprecedented time, please contact your Nexia Edwards Marshall Advisor to discuss.
Economists call it “helicopter money” – governments sending money directly to businesses and people to stave off a recession or minimise one. And yesterday’s announcement is a Black Hawk next to Mark I’s gyrocopter. Read more
Following the RBA's announcement to cut the cash rate to a record 0.25%, and the subsequent announcement to set up a $90 billion term funding facility for banks to use to support SME clients, the Australian Banking Association has today announced it will defer loan repayments for six months for those SME's affected by Coronavirus. Read more
Following the government’s economic stimulus package released last week, the ATO has announced a series of administrative measures for businesses experiencing financial difficulty as a result of the coronavirus. Read more
The government announced a package of temporary measures worth $17.6 billion to support the Australian economy in the wake of the impact of the coronavirus. The measures mostly target small and medium-sized businesses, and come in four parts. Whilst they apply either from now or retrospectively from 1 January 2020, the measures will require legislative change. Read more