Category Archives

Category Name: Business Finance

How to remain Tax-Compliant

The Australian Taxation Office (ATO) has reminded businesses of the importance of meeting their employer obligations, to avoid penalties and interest.   ATO tips included: PAYG withholding. Pay close attention to tax tables, as different workers may have different withholding rates. Single touch payroll (STP). Report payroll information through STP-enabled software each time you pay […]

Read More

Businesses feeling the impact as consumers stop consuming

Households significantly cut back on their spending during the 2023 calendar year, Australian Bureau of Statistics data has confirmed.   Inflation increased 4.1% during 2023, but household spending increased only 2.3% during the same period, which means the average household made fewer purchases.   Household spending varied markedly from state to state, rising faster than […]

Read More

Inflation falls for the forth consecutive quarter

The Reserve Bank is nowhere near declaring victory in the war on inflation, but the data suggests we’re closer to the end than the beginning.   Inflation fell to 4.1% in the December 2023 quarter, compared to 7.8% the previous year, according to the Australian Bureau of Statistics.   The Reserve Bank has forecast inflation […]

Read More

What do you need to know before you Invest in a Business?

Experienced co-founders, often having been through the business journey before, tend to be discerning when considering involvement in a new venture. Before agreeing to the first meeting, they typically look for several key factors to assess the potential opportunity and alignment with their goals. Here are some aspects that experienced co-founders may consider: Clear and […]

Read More

Set up for success: 7 money management basics for building a sustainable, profitable business

If you’re starting out in business, you may have heard some less-than-encouraging figures about your chances of success. For example, statistics from the 2020 Australian Small Business and Family Enterprise Ombudsman’s report show roughly one in three won’t last five years. Fortunately, many small businesses do thrive. Starting out on the right financial foot can go a […]

Read More

How Does Invoice Finance Differ From Supply Chain Finance?

Supply Chain Finance and Invoice Finance can be effective solutions for raising working capital. With the pandemic stretching supply chains and liquidity for businesses worldwide, these financing solutions have become increasingly popular ways to manage cash flow. While there are similarities in how these funding solutions work, there are also significant differences. It’s important to […]

Read More

A solutions for every business finance need

Australia’s finance market has become increasingly competitive in recent years, with more finance opportunities available to small and medium enterprises (SMEs) on better terms and conditions than ever before. And thanks to a range of agile and flexible non-bank lenders who specialise in meeting the unique needs of SMEs, securing finance has never been quicker […]

Read More