Just this morning, we have heard breaking news with PM Scott Morrison and the Treasurer Josh Frydenberg's public announcement of the Government Stimulus Package. On top of this, the Australian Grand Prix amongst other events have been cancelled. 

We've observed that this has impacted many individuals and businesses which in turn has resulted in an outroar of reactions. 

I personally understand the worries and fear, however, we'd like to assure you that it is business-as-usual in Australia.

The government are constantly providing updated information and guidance on how to manage the coronavirus. Please do not ignore health warnings and follow the provided NSW health guidelines here . I am sure that you have all received correspondence from schools, clubs etc on how they are responding to the Coronavirus outbreak by now and we strongly suggest you read everything and follow the given advice.

I believe that the matters of the world always return to balance. 

We understand that the situation may seem dire, especially when you can't escape from the constant "BREAKING NEWS" and "CORONAVIRUS UPDATE" headings - how could you not feel anxious?

Our suggested solution to this for individuals and business owners is to put up the "open" sign and continue business as usual. We are fortunate in Australia that we can continue to conduct business as well as go out, eat, and live our daily lives.

My clients, friends and family have sought my advice for their business and money worries, as well as the panic buying and stocking of living essentials, and I always say the same thing. In Australia, we are very fortunate to have undisrupted supply chains of essential goods and services.

If you do feel unwell and have to self isolate, you will still be able to get what you need for daily life. Please ensure that you have made a remote or working-from-home plan, If you have not already done so, I strongly advise doing it now. We can assist you to formulate a policy for your team and advice on technology options to enable this.

Recently, the Federal Government released a suite of stimulus measures aimed predominantly at small businesses. These measures include cash refunds of Pay-As-You-Go Withholdings made to employees. Generous investment incentives and cash handouts to certain households. I posted the government media release to my website here .

I fully sympathise with all those affected and will continue to offer my support for businesses as
I strongly believe we will find opportunities and strategies to come out of this situation positively.

The government stimulus package is designed to benefit small business and we are already actively advising people on the opportunities available to them. This needs to be bespoke for each business and its unique characteristics.

Although we await legislation to lock in the stimulus plan, our team are waiting by to advise and assist you in benefiting from the package as intended. 

Recovery from this "crisis" may be fast or slow, nobody knows. In the end we will acclimatise to the situation and the news cycle will eventually move on. 

In conclusion, I urge you to remain calm and carefully consider your risks. My opinion is that your action plan should be:

And most importantly, if you need reassurance, advice or assistance tailored to your needs get in touch at any time. We are here to help, add value and reassure in these uncertain times.