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 […]
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 […]
With the new financial year in full swing, now is the time to start getting organised for the year ahead. We have put together 5 tips to help you get things on track. Stay organised It sounds obvious, doesn’t it? Having a plan that stipulates your deadlines & looming payments can help reduce stress and […]
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 […]
The Coalition has boosted its pitch to small business ahead of the federal election, increasing instant tax breaks for asset purchases and expanding eligibility to companies with turnovers of up to $50 million.Popular instant asset write-off rules will be immediately expanded from Tuesday night, with the threshold lifting to $30,000 from $25,000, and applying to multiple purchases. […]