Business

In a time when blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion, Shane Oliver this week discusses the good news, the bad news, and what it all means for investors. Key Points After a strong rally, in the short-term shares are vulnerable to bleak economic and earnings news. However, positive news... Read more

$10,000 Grant for NSW Small Businesses Affected by COVID-19

Written by Matthew Stewart, Director - Edney Ryan Chartered Accountants

Applications are open now, until 1 June 2020 for the NSW Government Grant to assist small businesses affected by COVID-19. Eligibility To be eligible, NSW-based businesses will need to: have between 1-19 employees as at 1 March 2020 have a turnover of more than $75,000 a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000 have an Australian... Read more

JobKeeper Information for Businesses

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

If your business has been significantly impacted by the coronavirus shutdowns you will be able to access a wages subsidy to continue paying your employees and to set businesses up for a speedy recovery after the crisis has been resolved. Businesses and NFP’s with Employees To be eligible, employers must meet the following criteria: Turnover is less than $1 billion... Read more

Deferring Loan Repayments and Other Relief

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

Banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic impacts. All members of the Australian Banking Association (ABA) will suspend principal and interest loan repayments for distressed small-business customers for six months. All four major banks (CBA, NAB, ANZ and Westpac) will also extend this to distressed home loan customers, enabling them to... Read more

Powers of Attorney for Peace of Mind

Written by Andrew O'Donnell, Director - Edney Ryan Legal

Many people in the coming months will need to be in self-isolation, quarantine or potentially receiving treatment. This separation will make it harder for practical matters to be managed. There will be times that may need people to be formally authorised to make decisions for you. Having a power of attorney in place is the best way to be prepared... Read more

Economic Response to the Coronavirus: Measures to Support Businesses

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

Cash Flow Assistance to Businesses  This payment will assist small and medium businesses that employ staff with temporary cash flow support. In the latest update, not-for-profit entities (NFPs), including charities, with aggregated annual turnover under $50 million and that employ workers will now also be eligible, and the amounts have been increased. Eligible businesses are small and medium entities, and NFP’s with... Read more

The Correction in Equity Markets Caused by Coronavirus Fears

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

We have seen a major correction in all equity markets around the globe, as investors react to the impact of coronavirus on company profits. Travel bans and factory closures will certainly have an impact on global economic growth and activity. Uncertainty and fear are leading many investors to sell indiscriminately as they try to reduce their overall exposure to the... Read more

There is no doubt, there are reasons to have some concern about the global economic outlook. Talk of looming financial disaster does appear to have gained momentum recently. These heightened fears are based upon the following observations: Global debt is at record levels relative to GDP, which leaves little room for additional fiscal measures if they are required down the... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 7th November 2019 Key points: There is no denying concerns about global debt, seemingly never ending QE, more debt trading on negative interest rates, inequality and geopolitical threats. However, some of these concerns are exaggerated andthere are five reasons why I am not so fussed... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 17th September 2019 Key points Oil prices have risen over the last few days reflecting drone attacks that impact 6% of world oil supply. The choke point for global growth from higher oil prices is normally a doubling in prices. We are a long way... Read more