Starting 1 July 2025, the Australian Government plans to eliminate tax deductions for interest charges from the Australian Taxation Office (ATO), a move that could significantly impact taxpayers with outstanding debts. With rising interest rates making General Interest Charges (GIC) and Shortfall Interest Charges (SIC) increasingly costly, businesses and individuals alike will face higher financial […]

Darryl Johnson’s journey from a sheep farm at Columboola to the top of Queensland’s finance industry has been anything but ordinary. Born and raised in Miles, Darryl’s early years on the family farm instilled in him a deep respect for hard work and the resilience required to build a life on the land. Those lessons, […]

Paying your creditors on time is essential for maintaining strong business relationships and ensuring your company’s growth. Your primary creditors include the Australian Tax Office (ATO), financial institutions, and other creditors to whom you owe money. Here’s why timely payments matter and some tips to help you manage them effectively. 1. Australian Tax Office (ATO) […]

With the rising costs of doing business. many operators are looking for cost-effective ways to manage expenses in 2024. Purchasing second-hand machinery at auctions can be a smart way to save money. Arranging financing for auction buys can be more complex than buying through a dealer. PMG Finance offers comprehensive loan options to help you […]

When financing equipment, many businesses choose to include a balloon or residual payment option in their credit arrangements, such as a Chattel Mortgage, Commercial Hire Purchase (CHP), or Lease. This allows for lower monthly repayments and flexibility throughout the loan term. However, at the end of the term, the balloon payment is due. At this […]