Asset leasing allow businesses to utilise products and equipment that they may not be able to afford independently. This might be because of a limited time in business or poor credit due to too many credit enquiries. This form of business agreement is becoming increasingly popular for its myriad of benefits; including its ability to improve cash flow, and offer…
From 1 March, 2020: Vendors and agents cannot knowingly conceal any material facts about a property when selling land. Vendors and agents cannot hold public auctions of land before 1pm on Anzac Day, with fines of over $16,000 for non-compliance. There is greater protection for people who purchase options to buy land as part of a land banking scheme, including…
The Coalition victory took many by surprise, but as the dust settles it’s time for the government to roll up its sleeves and start delivering on a host of pledges. Small business was a key battleground during this year’s election campaign. Labor spooked some with policies that included plans to allow casual workers to apply for permanency, and a pledge…
Don’t forget the government’s 2018-19 Federal Budget announcement for asset write off 2019 has been increased to $30,000 and expanded to businesses with a turnover of up to $50 million.^ This means eligible businesses^: 1. with a turnover of up to $50 million, will be able to write-off the asset value of new and used equipment costing $30,000 or less,…
CALLING ALL SMALL BUSINESSES; WE NEED TO LEND $1 BILLION TO SMALL BUSINESS BY 30 JUNE 2019 Whether you’re looking to seize an opportunity to grow or just managing the ongoing costs of running a business, sometimes borrowing money could help you achieve your goals. A secured business lending allows for a streamlined application process for new and existing small…
If done properly, refinancing your current home loan can save you thousands of dollars over the course of your loan in repayments. To find out how to get more out of refinancing your home loan follow this guide by Loanbrite. According to the Australian Bureau of Statistics, around $4.6 billion of home loan’s were refinanced in just April 2014 alone….
What is Tax Depreciation Depreciation is the wear and tear of a building and the fixtures and fittings within it. The Australian Taxation Office (ATO) allows investment property owners to claim this depreciation as a deduction in their annual tax return, reducing their taxable income and hence paying less tax. You can download your special reduced fee application form here…
