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Finance Topics – News/Blog

Winner 2021/2022 Commercial Asset & Equipment Finance Broker of the Year FBAA

Our founder/director Brendan Scotter is the winner of the Commercial Asset & Equipment Finance Broker of the Year 2021/2022 for FBAA. The Finance Brokers Association of Australia (FBAA) is Australia’s leading national association for finance and mortgage brokers, representing more than 9,200 members. “So proud to be acknowledged in this role that I love. Working to achieve my clients goals is so rewarding, challenging and forever varied. I would like to thank all my clients… Read More »Winner 2021/2022 Commercial Asset & Equipment Finance Broker of the Year FBAA

covid19

COVID- 19 Latest Finance Updates

Increased tax incentives to purchase assets now available In case you are not aware the Instant Asset Write Off  was significantly enhanced in last weeks Federal Budget. This tax benefit now allows eligible businesses to purchase new and used assets (including multiple assets),  and claim the full cost as an instant tax deduction for each asset purchased.   With a number of suppliers currently experiencing a shortage of stock and delivery delays if you are considering the purchase of equipment or a vehicle… Read More »COVID- 19 Latest Finance Updates

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

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

EOFY tax advantage

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

Changes Lease Accounting

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

Cash flow

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