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To realise the optimum benefits and outcomes from the Limited Edition IVECO Daily vehicle, cheap truck loans are available through Business Finance Australia. This edition of the Daily Tradie Made has been brought back by IVECO due to its popularity. But the offer is only available for a limited period or while the stock is available. Considering the previous popularity, the stock could move fast. So buyers should also be fast in securing the cheap truck loans to ensure they don’t miss this offer. The vehicle is likely to be a great option for operators in many industries as it is a versatile model with a factory-fitted tray. So it’s ready for work. An attractive solution especially for those planning their next move into self-employment as a contractor. We offer cheap truck loans for all types of businesses including those just starting out. For new operators and ABN only holders, talk to us about Low Doc and No Doc truck... Read More
What the unemployment figures can mean for commercial loans decisions
. 5 min read
Staying across the latest unemployment and other economic data may assist businesses make key decisions on commercial loans for major asset acquisitions. The labour market in Australia has been extremely tight for some time as the economy records near record low unemployment rates. The situation has meant many businesses across many industries are continuing to face issues in achieving full staffing. A scenario which is limiting their ability to operate at their full capacity and realise their full potential. These constraints can affect how business owners approach decisions to invest in new or upgrade equipment and machinery. Having some indication as to what could play out moving forward, may provide guidance as to whether the business will be well-placed to support such a major investment over the full term of the finance or not. There are a number of statistics-based resources available through a range of Government bodies and other organisations which are available for easy access. These include statistics... Read More
Pre-approved finance for best selling utes, vans, cars, top selling trucks
. 5 min read
Pre-approved finance may assist buyers to secure one of November’s best selling utes, vans, cars and top selling trucks where availability is limited. Anyone who has been trying to buy a new vehicle in recent times is fully aware of the problems around availability. Supply issues emanating from overseas factories along with the recent shortage of computer chips are just some of the reasons for the limited numbers of new vehicles on the Australian market. But according to the FCAI in releasing the November new vehicle sales figures, the supply issues appear to be easing. The monthly figures detail the makes and models which have sold the most units in the period. The truck sales figures have also recently been released which reveal which brands have sold best across all categories. This data can be useful for buyers trying to quickly identify where stock of new vehicles may be immediately available. But, buyers should be aware that many of the... Read More
Pressure mounts on businesses to seek cheaper interest rate business and asset finance as the RBA continued increasing interest rates with its December decision. The RBA December decision to raise the cash rate again makes it the eighth consecutive increase this year. Raising the cash rate from that historic low 0.1% to the now 3.1% over those eight increases. Quite a significant amount of increases in a relatively short time. A fact which has been acknowledged by RBA Governor Philip Lowe in recent remarks and statement. The cash rate is now at its highest in around 10 years. The repercussions through lending markets has been increases in interest rates by banks and non-bank lenders. But those increases can vary across and within different loan markets and for finance applicable for different industry sectors. Taking this all into consideration along with high inflation, the tight labour market and rising costs, the importance of understanding what’s happening with interest rates and having... Read More
Act now to beat deadline for temporary full expensing
. 5 min read
The availability of temporary full expensing expires on 30 June 2023 and businesses are encouraged place vehicle and machinery orders now to avoid missing out. Six months ahead may seem a long way off for many businesses to address a deadline. But there is a compelling case for prompt attention to this particular issue, which we will outline along with how we can assist with suitable finance. We did provide a brief mention of this in a recent article when updating on a number of looming deadlines for business owners to note. But the benefits available through tax deductions and potentially refunds on tax already paid are so significant, temporary full expensing is worth a more urgent reminder. Reasons to Act Now There are a number of reasons why we consider that businesses should seriously consider temporary full expensing for their operation and take actions now, 6 months ahead of the expiry date. For starters, we’re entering the silly season... Read More
Address the threat of data breaches with affordable IT equipment finance
. 5 min read
Businesses concerned about the threat of data breaches can access affordable IT equipment finance to upgrade and strengthen security and computer-based systems. The risks posed by the threat of cybercrime, data breaches and hackers is very real as has been recently highlighted by several high profile incidents. Businesses that are subject to these attacks can face serious outcomes and their customers devastating consequences. The Australian Cyber Security Centre provides information and resources that may assist many people to take steps to prevent becoming a victim to these events. While the perpetrators of these crimes are clearly highly sophisticated in their methods, businesses may take own measures to do what they can to strengthen their systems with the latest equipment. This can be a necessary but costly process for many operators and instances, but an investment which may be facilitated with our affordable finance options. Businesses utilise computer-based systems for a wide range of processes and procedures within the operation. So... Read More
Update on Commercial Loans: news on deadlines, alerts & support
. 5 min read
Important reminder for business owners on tax measure and Director ID deadlines, support for flood and storm victims and commercial loans interest rates updates. While there are many issues for business operators to contend with at the moment – the tight jobs situation, rising prices, continued supply chain disruptions and floods and storms, there are also deadlines for important business matters to be noted and adhered to, some with a sense of urgency. Urgent Action Required - Director ID If you are a director of a company and you haven’t yet acquired your Director ID number, then take note. The deadline to have this unique number as per the ASIC regulation is 30 November 2022. The ruling was announced a few years ago but it appears that many directors have been unaware of the requirement. The requirement is that anyone who is a company director must get their own individual number as a form of verifying identity with federal government... Read More
Surprise unemployment fall points to more interest rates rises a certainty
. 6 min read
A fall in unemployment in the latest ABS report raises the chances of more interest rates rises and highlights importance of cheaper rates for commercial loans. The Australian Bureau of Statistics (ABS) published the latest Job Figures last week and in a surprise to many, the unemployment rate in Australia dropped again. This time by 1% to 3.4%. The fall is being interpreted in some comments as the economy continuing to show strength and with inflation still rising, seen as further backing for another rate rise by the RBA when the Board next meets on 6 December. There may have been a glimmer of hope that the RBA would ease up on by how much it would increase the cash rate in the coming period. In remarks in an address at a business dinner following the November rate decision, Governor Lowe said that the Board had discussed the effects on households of rising prices and rising rates. There was mention... Read More
Business Finance: tax benefit reminders, Director ID, interest rates update & details for flood victims
. 5 min read
2022 has been full of challenges for business in general with inflationary pressures, tightness in the labour market, interest rates rising and for many, dealing with the impacts of devastating floods. While dealing with those many challenges it can be understandable that many other issues may be put on the back burner or overlooked. This general business finance article updates on deadlines for Director IDs and a key tax benefit, latest on interest rates and details for those impacted by recent floods. Director Identification Number Deadline Looms We recently posted a detailed article on Director Identification Numbers but with the deadline a week away, it’s worth another reminder as the penalties for those that do not comply can be sever. This ASIC regulation requires all directors of companies (there are some exclusions) to have an individual and unique identification number. Existing directors of companies must have their Director ID by the deadline of 30 November 2022. The process is a... Read More
The ABS announced Australia’s inflation rate has reached 7.3% and this highest level since 1990 may raise concerns over interest rates for commercial loans. Concerns which are well-founded as the Reserve Bank of Australia (RBA) implements rate rises to address Australia’s soaring inflation. The release of the September Quarter CPI figures came a day after Treasurer Jim Chalmers handed down the October Budget and less than a week before the RBA Board is due to deliver its November cash rate decision. With a large amount of data and economic information for business owners to absorb and process in relevance to their own operation, we provide a summary of the ABS announcement. Information including which sectors are contributing most to rising inflation and the possible outcomes for interest rates. ABS CPI – September The Australian Bureau of Statistics published the CPI – inflation statistics, for the quarter ending 30 September on 26 October. The announcement reveals a 1.8% increase for the... Read More
