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 […]
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 […]
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 prepare your business for the new financial year. Stay organised It sounds obvious, doesn’t it? Having a plan that stipulates your deadlines & looming payments can […]