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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 […]

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.

A common theme among small business owners is the consistent workload and stress of managing and growing their business. According to Trading Economics 2021, they reported 16.6% of the Australian workforce were self-employed. For that 16.6% of Aussies, building and maintaining a business, is a challenging process that involves many demands and uncertainties, ranging from

Taking out a loan can be intimidating for small businesses, particularly for newer businesses that haven’t had a loan before. There are a lot of questions you need to ask yourself before you even start looking. How do you know if your business is ready? Can your business afford a loan? Does your business even

Did you realise that lenders will look closely at certain frequent spending patterns you might have? Are you aware that certain spending habits could raise eyebrows with lenders when you’re applying for a loan? While managing your money wisely and cutting back on expenses can improve your chances, occasional splurges are understandable. However, some habits

A balloon payment is an amount due in full to the lender at the end of the loan period, after all scheduled monthly loan repayments have been completed.  This enables you to repay your loan over its term, at reduced monthly installments.  And how is the payment calculated? For example: Let’s say you buy equipment,

If you are exploring financing options for your business equipment, such as trucks, trailers, or tippers, it can be an overwhelming task. Although your first thought might be to discuss a loan with your bank, there’s a more efficient alternative that can save you time, effort, and money – engaging the services of a finance

Gross profit and net profit are important financial metrics in any small business, and knowing the difference between them is vital in understanding the performance of your business. Here’s what you need to know…. Gross Profit: The Foundation Gross Profit, often known as Gross Income, is the revenue a business earns from its core operations

Today, we’ll delve into three crucial questions that every small and medium-sized business should contemplate, ensuring they are well-prepared for potential challenges on the horizon. 1.What Does Trading Look Like Before Christmas? As the holiday season approaches, it’s essential to assess your business’s trading dynamics. Evaluate your operations with these inquiries: Should you consider hiring