What every business needs and why : In terms of business lending , banks have positioned themselves to be providing six month deferred loans to small business. In reality a stringent credit criteria applies and banks appear to only want to deal with their current clients...
It would appear we are returning to our old selves. Consumer confidence has improved in recent months, reaching the same level as in July 2018 - well before COVID-19 changed our day to day lives. Westpac's Consumer Sentiment Index rose by almost 12 percent in October,...
It appears the Government is looking to the economic recovery being fuelled by the private sector, small to medium size business. SUPPORTING BUSINESS AND INVESTMENT To assist new investment and increase the cash flow for business,the government is providing a temporary tax incentive. This will be available...
The talk in the media of late is that we are in an "OFFICIAL RECESSION " based on the latest economic data. Given the bushfires and the Covid 19 pandemic, it isn't all that surprising that we are now in a technical recession. What are the...
Do you really think that your 30 year business banker is going to risk the gold watch and wheelbarrow full of superannuation to help you through these difficult times. Even with the COVID-19 support measures introduced by the Government and Banks, small business in Australia has...
The banks, finance companies and private lenders borrow money from investors in order to fund the loans they approve for clients to purchase cars,trucks and machinery etc. During times like the present with the economic uncertainty, we see a tightening of lending policies to satisfy...
INSURANCE PREMIUM FUNDING As we all work our way through these testing times during the COVID 19 environment, most businesses are looking at and re-assessing their business overheads and cash flow management. We have never operated in times where the preservation of working capital has been more...
As borrowers we have become conditioned over the past century that when we need to finance an asset for our business or a motor vehicle for personal use we go to the " big four " banks, ie Westpac, ANZ, NAB and the very traditional...
Example 1 - Small business benefits from accelerated depreciation Jill and Bob own a company, NC Transport Solutions Pty Ltd, through which they operate a haulage business based in a regional New South Wales city. NC Transport Solutions Pty Ltd has an aggregated annual turnover of...
Measures introduced by The Australian Government in March 2020 provides additional incentive to businesses with a turnover of less than $500 million for the 2019-20 and 2020-21 income years,to deduct the cost of depreciating assets at an accelerated rate. For each new asset,the accelerated depreciation deduction...
