How to recognise when ageing equipment may be holding your business back Most business equipment does not stop working overnight. It usually becomes less reliable little by little. A machine takes longer to complete the same task. A vehicle needs another visit to the mechanic. Software freezes at the worst possible moment. Staff develop clever…
DetailsLIFE CHANGES. HAS YOUR STRUCTURE KEPT UP? Investment structures are often established for good reasons. A trust may offer flexibility. A company may suit a growing business. Superannuation may support a retirement plan. The challenge is that structures can remain unchanged long after the reasons behind them have shifted. A review does not assume something…
DetailsSix questions to help make your next equipment investment count A new financial year often brings fresh energy. Business owners review their plans, consider upcoming opportunities and think about what may help the business work smarter. For some, that may include: replacing an unreliable vehicle, upgrading machinery, introducing better technology, or investing in equipment that…
DetailsUNDERSTAND WHAT YOUR FINANCES CAN ABSORB BEFORE CHANGING CONDITIONS TEST THEM FOR YOU No one enjoys imagining that interest rates may rise again, household expenses may increase or a property could be worth less than expected. However, testing those possibilities before they happen can help you make calmer and more informed decisions later. A financial…
DetailsHERE’S WHAT BUYERS, INVESTORS AND HOMEOWNERS NEED TO CONSIDER. Earlier this year, many buyers were worried that property prices would keep moving beyond their reach. Since then, interest rates have risen again, the Federal Budget has changed the outlook for some investors and property conditions have become softer and more uneven. Prices have fallen in…
DetailsWhat is an offset account? An offset account is a transaction account that’s linked to your home loan. You can deposit into it and withdraw from it just as you would with a regular everyday bank account. The key difference is that the balance in your offset account is used to reduce the amount of…
DetailsWhen business owners think about finance, many immediately think about a business loan or overdraft. While both continue to play an important role, they’re no longer the only options available. The business finance market has evolved significantly over recent years, providing access to a broader range of funding solutions designed to support different business needs.…
DetailsThe beginning of a new financial year is one of the best times to step back and review where your business is today and where you would like it to be over the next twelve months. For many business owners, July is when budgets are reviewed, sales targets are set and business plans are refreshed.…
DetailsJuly often feels like an avalanche of deadlines and updates, and it is easy to respond by either ignoring everything or trying to do it all at once. A simple triage approach helps you focus on the obligations that genuinely matter in July, while scheduling the rest for when your year end information is complete…
DetailsYou can lodge your tax return from 1 July. However, for most Australians, doing it too early is one of the quickest ways to end up with the wrong refund, delays and avoidable ATO attention. Tax time is not a race Once 1 July rolls around, it can feel like a race to be first…
DetailsCross collateralisation is when a lender uses more than one of your properties as security for a single loan, or links multiple loans across several properties under one security pool. In other words, your properties are tied together and the bank has a claim over more than one asset for the debt you owe. In…
DetailsPicture this… An individual receives a $50,000 windfall – this could come from an inheritance, a tax refund or a work bonus. They choose to place these funds into an offset account linked to a $500,000 home loan. As an illustrative example, this could reduce the amount of interest charged on the loan, potentially resulting…
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