News

Tips for Overcoming Family-owned Business Challenges

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Family-owned businesses provide a foundation for the Australian economy, employing half of the country’s workforce. Around the globe, approximately 80% of businesses are family-owned. In Australia, this figure is 70%. Unfortunately, only 30% stay in business after transitioning to the second generation. Even worse, only 12% of family-owned businesses survive to the third generation. Here […]

News

Smishing scams rising: How to protect your Business

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Australians are being bombarded with a new type of fraud where victims are sent text messages asking for personal information. This personal information is then sold. The Australian Competition and Consumer Commission’s Scams Awareness Week will take place from November 8 to 12 2021. This year’s theme is Let’s Talk Scams. Smishing, also known as […]

Tax debt

Credit Reporting Bodies to start reporting on tax debt

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Back in 2019, the Federal Government passed a law to allow the Australian Taxation Office to start reporting tax debts to Credit Reporting Bodies. Thankfully this was put on hold in response to COVID-19. However, we are now being warned that the Australian Taxation Office is likely to resume its pursuit of unpaid tax debt. […]

Second Hand Equipment

Secondhand Equipment Finance

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With the wait times on new equipment being lengthy, in some cases up to 12 months; the secondhand market is booming.  The market for secondhand equipment is competitive, many times goods are snatched up in just hours. Whilst this is great news for the vendor, it can be tricky for prospective buyers to navigate the […]