In the 2023–24 Budget announced on 9 May 2023, the Australian Government introduced a temporary increase in the instant asset write-off threshold for small businesses. From 1 July 2023 to 30 June 2024, small businesses with an aggregated turnover of less than $10 million will be able to write off the full cost of eligible […]
In recent years, many small businesses have viewed the tax office as an informal source of funding, a trend that’s neither sustainable nor advisable. Leveraging ATO or credit card debt as a temporary financial fix is far from an optimal strategy for SMEs. Is Utilizing the ATO as a Credit Facility Advisable? It’s increasingly common […]
In the fast-paced world of business, making decisions quickly is often a necessity. This is especially true in industries like equipment financing, where acquiring trucks or machinery can significantly impact operations. However, there’s a crucial aspect that should never be overlooked or rushed: verifying the condition of the equipment you’re purchasing, especially if it’s done […]
No doubt you’ve seen your business insurance premiums rising in recent years, However, are you aware of premium funding and how it might assist you in paying for these premiums? The types of insurance your business may need vary from property, vehicles, workers’ compensation, public liability and product liability to professional indemnity, business interruption, cyber […]
A business finance application may be at the front of the mind for those trying to obtain funding or working capital. Finding dependable loan sources can help start-ups and expanding companies reach their financial objectives, whether they be related to growth, operations, or additional innovation. In these cases, business finance may be the best strategy. […]