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Finance Topics – News/Blog

COVID- 19 Instant Asset Write-Off

The Australian Government has announced an increase in the instant asset write-off from $30,000 to $150,000 in response to the economic impact of the coronavirus. The increased limit is in effect until 30 June 2020.  Amid novel coronavirus (COVID-2019), this is likely to be welcome news for many Australian SMEs. In 2017-18, there were more than 360,000 businesses that benefited from the instant asset write-off scheme. Here’s why, and what… Read More »COVID- 19 Instant Asset Write-Off

COVID- 19 Latest Finance Updates

Now more than ever we want to provide small business owners with the support they need. We continue to responsibly add new customers and re-finance existing ones. Like all Australians, we’re closely monitoring the novel coronavirus (COVID-19) situation. At Commercial Point Finance, we provide support to good businesses that require funds for growth or cash flow assistance. During a time like this, our role within the business community becomes more… Read More »COVID- 19 Latest Finance Updates

Finalist Best Finance Broker 2020

Our founder/director Brendan Scotter has been shortlisted as the Best Finance Broker in 2020 for the Better Business Awards. The Adviser’s Better Business Awards is Australia’s peak event for the mortgage and finance broking community. The awards program provides a platform for those working in the third-party channel in Australia to showcase their hard work and celebrate the best professionals in their local markets. “I am humbled to be recognised and proud… Read More »Finalist Best Finance Broker 2020

RBA cuts the cash rate to a record low

With the Reserve Bank of Australia cutting the official cash rate to a record low of 1 percent, interest rates continue to be the talk of the business pages. But do rates this low pack a monetary punch? Or will the Government have to pull on the fiscal purse strings to get the economy moving, as RBA Governor Philip Lowe is encouraging? Impact on you and your business It looks… Read More »RBA cuts the cash rate to a record low

Asset Finance Broker of the Year

Our founder/director Brendan Scotter recently won the Australian ‘Asset Finance Broker of the Year’ award at the Australian Broking Awards 2019 which were held in Sydney in early July. “I am honoured to have been awarded this prestigious award. I would like to thank all of my clients. I couldn’t have done it without you trusting me as your broker. I am truly dedicated to achieving the best outcome for you everytime.” Brendan Scotter The… Read More »Asset Finance Broker of the Year

How to make the most of your EOFY tax advantages

It is that time of the year where supplier and dealers provide offers and incentives to buy their equipment and there are many reasons why this year may be a good year to take advantage of these EOFY offers: 1 – Changes announced in the Federal Budget that increased the Instant Asset Write-Off to $30,000.  The instant asset write-off now also includes businesses with a turnover less than $50 million.… Read More »How to make the most of your EOFY tax advantages

Big Changes in Lease Accounting

Do you lease business premises, have leased office equipment or operating leases? Get Ready For Big Changes! There is a change in the wind that may have gone largely unnoticed for a lot of businesses. The new accounting standard on leases is likely to have a significant impact on the financial statements of many businesses when it becomes applicable. For a number of businesses this is from the 1ST July… Read More »Big Changes in Lease Accounting

The Cashflow Gap: Reducing the Gap by Managing Inventory

Poor Cashflow: Recognising the Early Signs Before we can act on cashflow problems, we first need to recognize them. By applying certain calculations to our inventory, we can keep a watchful eye on the early signs of cashflow issues. Once we identify them, we can stop them in the act. Calculating inventory cashflow Is your inventory able to meet the demands placed on it by clients? This is something you… Read More »The Cashflow Gap: Reducing the Gap by Managing Inventory

Two Essential Finance Tips for Starting a Small Business

Many people dream of running a small business. It promises financial independence and allows you to do the work that you want to. However, many people with great ideas for their business fail after mismanaging their finances. When starting your business, you should always: 1)     Set Up Proper Accounting You don’t necessarily need to hire an accountant when you’re running a small business. DIY accounting software is robust enough these… Read More »Two Essential Finance Tips for Starting a Small Business