Monthly Archives: March 2017

Instant Tax Write-Off Ends June 30 2017!

taxOn our tax write-off page, we explained to you briefly how the write-off works and how you can benefit from it. But now that we are 3 months away from the end of financial year, we would like to remind you on how we can help.*

This limited time offer is an opportunity for small businesses with turnover of less than $2 million to immediately write-off any purchase of items $20,000 and under, made between 7.30pm on the 12th of May 2015 and June 30 2017. This allows your business to bring forward deductions that you could not have otherwise.

This deduction can be highly beneficial to your business, especially if you are planning on purchasing new equipment anyway or have a real need to upgrade your existing equipment.  We can help you get the immediate tax write-off with a Chattel Mortgage Loan Facility, and this way you do not need to have the cash in hand to purchase the equipment. Since Chattel Mortgage allows for immediate ownership, the equipment will be recorded in your business as if it is a cash purchase.

Depending on the type of business you are, here are some ideas for the equipment that you can get to qualify:

  • Commercial kitchen equipment such as ovens, fryers, cookers
  • New furniture for your café, restaurant, or small office
  • Purchase new or update your IT office equipment
  • New work vehicles (some intense promotions may come closer to EoFY)
  • Plant and Equipment

If you would like to take advantage of this limited time opportunity, contact us to see how we can help.

*This information is not meant to constitute taxation advice and does not take into account your individual circumstances. Please refer to your Accountant for taxation advice. Finance approval is subject to commercial lending criteria.

How extra working capital can benefit your business…

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“Profit may be the queen of business, but cash is king.”

We are constantly bombarded with the idea of reaping as much profit as possible to strive for survival and success. However if you cannot make a clear distinction between profit and cash, you might fall into the trap of focusing disproportionately on the profits that are only showing up on paper (but not real ones!). Your business can work through an unprofitable period with well allocated cash flow, but a highly profitable business might not last long if they do not have sufficient cash in hand.

Although having enough capital will ensure survival, without some extra injection you might miss out on some growth opportunities. With that in mind, we are here to share with you some benefits of having a bit of extra working capital for your small business.

Investing in Marketing
Money spent on marketing is not an expenditure – it is an investment. Though it might be costly in the beginning, the return of good marketing activities can and will surprise you!

Paying Suppliers For Better Terms
Being able to make upfront payments to your suppliers may improve your business relationships, and more importantly give you more bargaining power over your suppliers. This way, you will have an edge when negotiating with them and this will ease your future dealings.

Upgrading Equipment
Replacing old equipment with the latest technology will let you boost productivity, which will help you meet current and future demands!

Renovate Your Current Venue
Although renovation can be daunting, financially and in terms of effort, they can potentially increase sales and traffic. You might also appear more appealing to your existing and potential customers!

Expand Your Business
With extra cash in hand, you can consider expanding your business by either opening up a new premise or diversifying your products/services offering. This gives you an opportunity to reap more revenue in the future.

Visit our page now to make a quick application. We can get you the working capital you need in as little as one business day! We can help you grow your business and manage your cash flow with an unsecured business loan.

If you need help with working capital, call us at 1300 828 567 now!