Key factors in running a successful business involve creating budgets, preparing business plans and continually reviewing your financial situation and business performance. If you want to use your budgets effectively they must be examined and altered on a regular basis, especially if your business is growing or wanting to expand into new sectors. Many business […]

Did you know cash flow worries are regularly reported as the leading stress point of Australian small to medium-sized businesses? Issues like late payers, seasonal downturns, government red tape and lost productivity due to unexpected circumstances (think a global pandemic!) can make managing your cash feel more like frustration than flow. Fortunately, you don’t have to

If you’re a business owner, nobody has to tell you about the importance of cash flow. But many business owners overlook debtor days until working capital becomes stretched due to a late payment or unexpected cost. Limiting the number of debtor days is vital for maintaining a healthy cash flow. It shows you how long

According to the Government’s Payment Times Reports Register, the average payment term for small businesses is 37.27 days. With an invoice finance facility, you can access up to 95% of the invoice value within 24 hours of raising the invoice. Some invoice finance facilities also come with account management services that can save you time

The instant asset write-off is a temporary tax deduction scheme available for all businesses with an annual turnover of less than $5 billion. Recently, the scheme has recently been to cover the tax year 2022–2023. Eligible businesses can now claim an immediate tax deduction for the full cost of qualifying assets installed or in use by

Growing a business of any size isn’t an easy feat. But your business’ success can often depend on your efforts to grow. Although rapid growth won’t be achieved overnight, there are several steps that you can take now to help keep your business moving forward. It may involve a lot of time and effort, but

The building industry is facing one of the biggest challenges in its history. It is no wonder, with government grants increasing demand, material prices skyrocketing and a very tight labour market. When builders have financial challenges, it is often the subcontractors who bear the brunt.  Regardless of what industry you are in, there are measures

If you are a new business starting to take off, or a well-established business looking to expand, you will need to understand the importance of working capital. Working capital is a simple, albeit useful measure that businesses use to indicate their ability to complete day-to-day operations and also to assess their financial health. The amount

As many Australians are being hit by natural disasters, we remind our clients not to tough it out on your own.   As your equipment finance broker, we are here through thick and thin. Part of that service is assisting you during any disaster period and throughout the recovery process. It is important to recognise your

Running a business can feel like a steep learning curve. Understanding the importance of financial documents will help put you in a great position to run a profitable business. Financial documents and statements are filled with valuable insights into your business’s performance and viability. Learning how to create, read, interpret and use financial documents and