Recent Insights.
16 May 2024
Why Environmental Impact Investing Is Important for Businesses: A Comprehensive Guide
With the surge in media coverage and educational initiatives around climate change, environmental decline stands at the forefront of global concerns. This growing crisis has led to the rise of environmental impact investing, with many individuals shifting their investment holdings away from fossil fuels and non-sustainable sectors, in favour of eco-friendly industries. Businesses are becoming increasingly aware of the importance of environmental impact investing (EII) – and are acknowledging the critical role they play in addressing these challenges. EII has become a powerful tool for businesses to align their financial interests with sustainable practices. Let’s explore the significance of environmental...
23 April 2024
Preparing Your Business for Tax Debt Changes in 2025
The Australian government has recently announced that starting from July 1, 2025, the general interest charge (GIC) and shortfall interest charge (SIC) will no longer be deductible. The move to expedite tax debt recovery efforts has been undertaken due to the fact that there is currently over $50 billion in collectable tax debt outstanding. This debt is predominantly owed by small businesses. The aim of this move is to recover the outstanding tax debt at a faster pace, which will help to improve the overall financial health of the country and ensure that businesses are fulfilling their tax obligations. By...
23 April 2024
What is Business Lending? How it Works & the Key Benefits
For many business owners, access to capital can be crucial for growth, investment, and even maintaining day-to-day operations. Business lending can serve as a vital resource, providing the necessary funds to achieve your objectives. So, what exactly is business lending, how does it work, and what benefits does it offer? Understanding commercial lending and the role it plays can be pivotal to the success of your business. Here we break down what you need to know about business lending, exploring its mechanisms, applications, and the advantages can bring to businesses ranging from small start-ups, to large corporations. What is Business...
20 March 2024
What is Cyber Insurance? How to Protect Your Business from a Cyber Attack
Cyber insurance, also known as ‘cyber liability insurance,’ is a type of insurance coverage designed to protect businesses from the potential losses and damages resulting from a cyber attack or data breach. With the increasing prevalence of cyber threats in today’s digital landscape, cyber insurance has become a vital component of risk management for Australian businesses, as it provides financial protection by covering various costs associated with cyber incidents – including investigation expenses, legal fees, notification costs, and more. Let’s explore the intricacies of cyber insurance and how it can safeguard your business against the ever-evolving threat of cyber attacks....
8 March 2024
ADENCO & RSK Australia: making waves in water management in the Pilbara
Since 2015, ADENCO Water Management & Civil Engineering has been a major player in the Australian resource and commodity industries. They have grown into the far north of WA, delivering integral water management solutions. ADENCO’s point of difference in the Pilbara In 2016, ADENCO secured their first major project with BHP followed by Roy Hill in 2018, and have since gone from strength to strength. Richie Maher, ADENCO’s Commercial Director, said the company’s primary footprint in the Pilbara, servicing the iron ore industry, and having an in-house skillset with a large fleet of heavy plant and equipment has played a...
20 February 2024
Current Economic Trends in Australia – And What This Means for Your Business
Economic trends can have a significant influence on the success of a business. Whether you’re a startup, small enterprise, or large corporation, understanding the current economic trends is crucial in steering your ship in the right direction. Let’s delve deeper into the whirlwind of Australia’s economic landscape and decipher what it means for businesses like yours. Key Economic Trends Driving Change Resilient Recovery Australia’s economy has been on a recovery spree, bouncing back from the tumultuous times of the COVID-19 pandemic. With the easing of restrictions, many sectors saw a resurgence in activity which spelt good news for businesses across...
2 February 2024
The secret to Rigsafe’s success as expansion looms in 2024
Striving to do better, achieve better and aim high Tanya Fitzgerald, Business Manager at Rigsafe Lifting Solutions, is rightly proud of the company culture she and her husband, Kevin Fitzgerald, have built over the past eight years at Rigsafe. “Our Rigsafe Way values and what we call ‘living above the line’ behaviours are something we are both proud of.” “Most of the staff have never experienced this level of guidance before, and their six-monthly performance meetings are something they have really backed.” “We catch up with every employee to talk through their future goals and how we can support them...
11 December 2023
ATO Debt Challenges for Small Businesses
As the festive season approaches, the Australian Taxation Office (ATO) is raising the heat on small business debt. With the Christmas and New Year period notorious for cashflow strains across various industries, it’s crucial for businesses to ensure they’re not caught off guard. Why the ATO is Cracking Down? The ATO has set its sights on businesses that may be sidestepping their tax obligations, including unpaid taxes and super liabilities. A significant surge in unpaid GST debt and tax arrears has contributed to the doubling of collectable tax debt since 2017 to $50 billion, with over two-thirds of this debt...
23 November 2023
Current Assets & Liabilities – And What This Means for Your Working Capital Liquidity
When it comes to finance and business management, having a good grasp of working capital is vital. Essentially, working capital represents a business’s liquidity and short-term financial health. It comprises two crucial components – current assets and current liabilities. In this article, we aim to provide a comprehensive understanding of current assets and liabilities, their significance in determining your working capital liquidity, and what this means for your business. What are Current Assets? Current assets are assets a business expects to be converted into cash or used up within one year or its operating cycle, whichever is longer. Some common...