7 Reasons Why You May Have Been Rejected for a Business Loan
Facing challenges in securing a business loan? Here are 7 common reasons and how we stand out, offering non-asset backed capital up to $600,000 to empower your small business: Bad Credit Score: Traditional lenders often hinge loan approvals on credit scores, setting the bar at 500 or higher. For many small business owners, especially […]
6 Signs that your ready to scale your Business
If your business is steadily growing, have you considered taking it to the next level by scaling up? Scaling offers numerous benefits. It doesn’t just lead to increased revenue, profits, and market share; it can also attract new customers and partners while strengthening relationships with existing ones. However, scaling isn’t a decision to […]
ABN Loans: Exploring Loan Options for ABN Holders
What exactly is an ABN loan? In essence, it’s a financial product tailored for individuals who hold an ABN (Australian Business Number), often referred to as ABN business loans. Since having an ABN is a prerequisite for conducting business in Australia, these loans cater specifically to business needs. Here, we delve into the types of […]
5 Financial considerations when starting a business
Commencing a business venture is exciting, yet it demands meticulous financial foresight to pave the path for prosperity. Ahead of launching your business, it’s imperative to delve into various financial facets to ensure ample capitalization for kick-starting and sustaining growth. Here, we delve into five pivotal financial considerations for Australian entrepreneurs embarking on their business […]
ATO warning to small businesses on tax and cash flow
The Australian Taxation Office (ATO) has issued a stern warning to small business owners regarding the misuse of unpaid tax and superannuation liabilities as a means to bolster their cash flow. Jeremy Hirschhorn, the ATO’s second commissioner and a potential candidate to succeed outgoing commissioner Chris Jordan, delivered this cautionary message. Reports from the […]
2024 Small Business Marketing Calendar
Here’s a roadmap for creative marketing campaigns and strategies to capitalize on key dates from June 2024 onwards: June 30: End of Financial Year Marked by financial reporting deadlines and tax filings, this period is ideal for budgeting and strategic planning. Hold stocktake sales to encourage purchases or donations that are tax deductible. […]
How to Prevent the ATO’s Blitz of Garnishee Notices
Have you heard that the Australian Taxation Office (ATO) is pursuing tax debt more aggressively than ever? Its most recent strategy has been to send more garnishee notifications to business owners who still owe taxes. That implies that they could take money directly out of your bank account to pay off obligations. Everything you should […]
Cash Flow Statements – A Quick & Easy Guide for Business Owners
One of the three financial statements that are essential for any organisation is the cash flow statement. The income statement and balance sheet are the other two. Here, we’ll examine more closely this crucial financial statement and its operation. A cash flow statement is what? A financial document called a cash flow statement, often known […]
Business Tax Deadline: Ensure Compliance and Optimize Benefits
For Australian business owners, understanding the intricacies of various taxes is paramount as the tax deadline approaches. With financial landscapes evolving as businesses grow, being well-versed in different tax types is crucial for a smooth year-end tax return. As the deadline looms, preparation becomes key. Explore the range of business taxes relevant to Australian businesses: […]
5 Strategies to Enhance Your Cash Flow During the Festive Season
As numerous small businesses prepare for the festive season, it becomes imperative to maintain a vigilant eye on your cash position. The holiday period often introduces unpredictable cash flow challenges, making it essential to implement effective strategies. A robust cash flow, characterized by a harmonious balance between incoming and outgoing funds, lays the foundation for […]