Ridgway Financial Services

Government Stimulus No. 3 – Keeping Australian business ticking over and Australian workers employed The Prime Minister released a third stimulus package to further support the Australian people and our economy.  It is designed to allow business affected by Corona Virus to keep ticking over until the emergency has passed.  Businesses that have already shut are also eligible so they can slumber along rather than having to permanently shut.  Additionally, the proposal is available to Sole Traders representing the first direct boost to this segment of the Australian economy. We have prepared a summary of the new proposed package for your information. However, as we have been getting a very high volume of calls relating to this, we have gone a step further and added the government fact sheets for those looking for more detail. We are happy to discuss in depth with you should you wish and remain committed to giving you the best information possible. Fact Sheet - Job ...

Following the Reserve Bank's emergency meeting decision to cut the official cash rate last Thursday, Australians have been waiting to see how their lenders are responding. During this trying time, the big 4 banks in particular have announced assistance packages to support their customers and boost the cash flow of businesses and households. NAB, Westpac and ANZ announced that affected home owners could pause or defer mortgage repayments for up to six months, pending a three-month review as part of their roll-out of new support measures.^ Here's how the big 4 banks plan to help customers* 0.70% reduction to 1, 2 and 3-year fixed home loan rate...

Yesterday we posted information about the proposed Stimulus Package and our response to the developing Corona Virus emergency.  Since our last post there have been a large number of changes to both of these situations that we wanted to share with you. The Government Stimulus The Prime Minister released a 2nd stimulus package to further support the Australian people and our economy.  We have provided an updated summary of the package for your information.  However as we have been getting a very high volume of calls relating to this we have gone a step further and added the government fact sheets for those looking for more detail (see bullet points below).  We are happy to discuss in depth with you should you wish and remain committed to giving you the best information possible. Cash flow assistance for businesses Delivering support for business investment Providing temporary relief for financially distressed businesses Early Access to Super Both Fede...

There is no doubt that the Corona Virus (Covid-19) has upset the world as we know it and that it is also unlikely that things will be back to “normal” any time soon.  With the end of year ATO deadlines fast approaching and the share market turning into a roller coaster we want to reassure you that the team at Ridgway Accounting (RA) and Ridgway Financial Services (RFS) remain committed to being here for all your accounting and financial planning needs.  We are open with all staff available in the office as normal and intend to remain open.  However like all of you we are monitoring the situation and putting in place systems to allow us to continue to work remotely should that become necessary as we plan to be available throughout the entire period. The health and wellbeing of our staff and clients is of paramount importance so we will be acting on further updates as they come to light.  For now please note that:- The office at 101 Neil Street Toowoom...