Many online lenders, like Moula, will typically request access to your online bank accounts. This is because we make lending decisions based on your business data, by looking at things like cash flow and transaction volumes. But just how safe is this permissioning for viewing bank account data?
Construction business loans help to drive the economy. In Australia, the construction industry includes 1.1 million workers or 9.4 per cent of total employment, making it the third largest employing industry. Here we’ll examine some of the types of loans for construction businesses and how they can be used.
Cash flow (sometimes spelled cashflow) is the amount of money (cash) or cash equivalents that move in and out of business. In other words, it’s the increase or the decrease of the amount of cash held by a business. Cash flow (CF) is a factor that people use to determine the viability of a business. If a company can generate positive CF on a regular basis, it’s beneficial for long-term success. On the other hand, businesses experiencing ongoing cash flow shortages are at risk of failure.
Walking meetings have gained popularity in recent years. Nilofer Merchant’s TEDTalk brought the topic to the forefront when she explained the benefits of walking in a world where we sit for an average of 9.3 hours per day. Steve Jobs was also a fan of these types of meetings. Let’s consider the benefits of walking meetings and how you can make them an effective alternative to traditional meetings.
Casual employment has been a contentious issue as the definition of casual employment was not clear in the past. In March 2021, the Australian Senate passed a reduced version of the Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill, also called the Industrial Relations Omnibus Bill. While most of the intended legislation was dropped, the portion of the bill addressing casual employment passed. Here we provide a brief overview of the changes and what these could mean for SMEs.
Comprehensive credit reporting (CCR) has been in the works in Australia for several years. An amended law which sets the date for mandatory reporting was delayed due to the COVID-19 pandemic and was finally passed in early February 2021. It requires that large lenders expand credit reporting by 1 July 2021. What is comprehensive credit reporting and what does it mean for SMEs seeking finance? Let’s take a closer look.
What started as a passion business became a love story for the couple behind White Clover Music. Kate Tomlinson and Tom White formed White Clover Music after recognising a gap…
Return on experience (ROX) is quickly gaining traction as a way to track the results of investments in customer and employee experiences. If implemented correctly, return on experience can be highly effective in showing how investing time, money in effort invested in improving experiences can generate results. Let’s take a closer look at how to track and apply ROX.
An operating expense is a cost that a business incurs through its regular business operations to meet day-to-day expenses. In accounting terms, the abbreviation OPEX (or OpEx) is widely used to refer to operating expenses.
You can take advantage of the instant asset write-off before the end of each financial year. As part of the 2020-2021 Federal Budget, the Australian Government announced an increase in…
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