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Want a Pre-Approval?

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Organising finance for the purchase of equipment can be daunting.  But obtaining a pre-approval takes the stress out of the process, especially when you use a finance broker. A pre-approval sets you in a better position to negotiate with the seller when buying equipment.  Knowing exactly what your budget is before your feet hit the […]

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Businesses get another six months to write off assets

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The Morrison government has extended the instant asset write-off by another six months to December at an expected cost of $300 million in an effort to prevent a further crash in business investment.  The instant asset write-off scheme provides immediate tax deductions for small and medium-sized businesses on certain expenditure allowing such businesses to pay […]

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How to Use the Extended Instant Asset Write-off in Your Business

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The Australian Government has announced an increase in the instant asset write-off from $30,000 to $150,000 in response to the economic impact of the coronavirus. The increased limit is in effect until 30 June 2020. Amid novel coronavirus (COVID-2019), this is likely to be welcome news for many Australian SMEs. In 2017-18, there were more […]

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9 Ways To Overcome A Cash Flow Crunch

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Cash flow is a constant challenge for many small to medium businesses. There are many reasons why businesses run into a cash flow crunch – it could be slow debt collection, bad debt, seasonal sales fluctuations, overinvestment in production capacity, or too much stock. Whatever the cause, a cash flow crunch can be a threat […]

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What Is A Credit Score And How Does It Affect Your Business ?

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If you are seeking any type of credit — whether a credit card, home loan, personal loan or business loan — your credit score will come into play. So you might be asking, ‘What is a credit score?’ It’s simply a number that is calculated based on the information in your credit file at a […]