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From The CEO’s Desk: 2020 Financial Year Wrap-Up

The 2020 financial year is almost done; what a rollercoaster of a year it has been.

A lot of businesses, individuals and financial markets were ticking along nicely for the first half of the year. And then it happened, a global pandemic sweeps across the globes, stopping everything in its tracks.

At the time of writing:

Everyone has felt the pain and stress of the last four months in some shape or form, be it financially, emotionally or physically.

As a local business, not only have we have felt the suffering of what the last four months has thrown at us firsthand, but we have also seen the financial impact on some of local businesses to whom we provide professional advice.

The way we have conducted our lives and, more importantly, how we will operate going forward due to the ever-changing restrictions, will become the new norm.

Who would have thought we would be conducting our business via webinars, meeting with clients over zoom and working from home full-time. I must admit, I am much more tech savvy now than I was four months ago.

No one can predict when the government subsidiaries will be turned off and what our economy and business will look like in the future. So as we move forward, we will be faced with more interesting and challenging times.

I’d like to take this opportunity to remind everyone of the incentives that the Australian Government has put together to help businesses and individuals through this tough period.

The schemes currently in place are:

If you are unsure of your eligibility for any of the above listed incentives, please speak to your trusted Ashfords advisor.

I would like to thank all of our staff and clients for supporting us through this extraordinary time.

Hopefully the 2021 financial year will see us out of this difficult period and will provide some much-needed recovery and respite for all.

Please stay safe.

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