ATO Activity to Increase as JobKeeper Ends: Is Your Business Ready?
The JobKeeper Payment Scheme has been a lifeline for many businesses since April 2020 when the COVID-19 pandemic started impacting businesses. The program is set to end on 28 March…
Medical Business Loans and Dental Business Loans: A Short Guide
Medical business loans and dental business loans are a key part of medical and dental practices. Much goes on behind the scenes in medical and dental practices that most people don’t see. One of these is finance. Here we look at some of the ways dental and medical business loans are used by healthcare professionals. We will also explore some of the types of medical and dental business loans.
Small Business Government Assistance Post-JobKeeper
On 28 March 2020, the Federal Government introduced the JobKeeper payment scheme in response to the COVID-19 pandemic. The program was a lifeline for many businesses and individuals affected by the economic impacts of lockdowns and decreased demand. Since then, other programs have been introduced. With JobKeeper coming to a close on 28 March, here’s an overview of where we’ve been and what lies ahead for small business government assistance, and a guide to which support is still available.
Business Line of Credit – What Is It?
A business line of credit is one of the many options available when seeking a small business loan. Here we’ll explain how a business line of credit works, what’s required to get one, and some of the pros and cons connected with this type of loan.
Cash Flow Statement: A Short Guide for SMEs
A cash flow statement is one of three financial statements that are crucial for any organisation. The other two are the income statement and balance sheet. Here we’ll take a closer look at this important financial statement and how it works.
Balance Sheet: A Short Guide for SMEs
What is a balance sheet? It's one of three financial statements showing how well a business is doing financially. The most crucial of these is the balance sheet, also known as a statement of financial position. The other two reports are the income statement and cash flow statement.
Business Loan Fees and Business Loan Rates
Business loan rates and business loan fees can be confusing. Many options are available with different interest rates. In addition, varying fees and charges apply across the spectrum of business finance. To clear up any confusion you might have about business banking, we will take a closer look at business loan fees and rates.
New Business Loans – Overcoming the Challenge of Getting Finance
Getting finance when you’re new in business can be a challenge. New business loans are not easily accessible if you don’t have a track record or don’t have assets to use as collateral. Here we’ll look at some of the types of new business loans you might consider after starting a business.
Cash Flow Management in 9 Easy Steps
Cash flow is the lifeblood of any business and key to its ongoing success. However, managing it effectively is also one of the biggest challenges small-to-medium enterprise (SME) owners face…
Working Capital: What Is It and Why Is It Essential for Business?
Many small business owners ask, "What is working capital?" Here we cover the basics to help you understand working capital and why it's important.