Business and Finance

  Diversity is an important part of our society – no matter where you go in the world. Now more than ever, different places are doing what they can to ensure a risk-free and unbiased environment for everyone. This is just as important when it comes to workplace diversity. Plenty of research and discussions have been had in order to determine the best path forward for businesses looking to embrace diversity. This article aims to help with that, by providing you with the information you need to understand the importance of having a diverse workforce that supports each other and...

Whilst the RBA Cash rate is a market indicator, banks are not sourcing their funds from the RBA at this rate. The bank’s cost of funds is a complex situation unique to each of their respective positions, and the pricing of the various types of finance facilities they offer, be them fixed or variable, is not directly linked to the RBA Cash Rate. Despite the RBA keeping the cash rate on hold, the banks are already factoring in increased cost of funds which is reflected in their pricing of fixed rate facilities such as equipment finance. Whilst the variable rates...

When you’re starting or expanding a business, one of the most important decisions you’ll make is where to set up shop. If you’re looking for commercial property, it’s important to know what to look for and how to get the best deal from the finance side of things. In this article, we’ll give you tips on how to choose the right commercial property for your business and get the best finance available. What is a Commercial Property? A commercial property stands out among other featured properties as being used solely for business activities. Whether it’s through a lease, investment, or...

Most business owners would agree that it can be quite stressful when trying to remember key dates throughout the year. For this reason, we have prepared a list for you to refer back to for 2022, including bas due dates, bas lodgement dates and PAYG instalments just to name a few: January 2022 15 January: Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member deemed a large/medium entity in the latest year lodged. Lodge tax return for taxable large/medium taxpayer’s entities as per the latest year lodged. 21 January:...

With ESG becoming increasingly important for businesses across all industries in Australia and around the world, it is vital to create a robust ESG strategy. As a sequel to our latest blog on ESG: what it is and why it should matter to your business, this blog looks at the benefits a strong ESG proposition can have for your business and how to create and implement your ESG strategy. Benefits of having a strong ESG proposition According to McKinsey & Company, a global management consulting firm, having a strong ESG proposition as a business comes with several benefits that all...

We all know businesses need cash to fund growth. In this blog, we explore 5 sources of finance for a business to fund and grow your balance sheet, including overdraft, equipment finance, long term debt and surety in lieu of bank guarantees. Overdraft/working capital facilities An overdraft is a working capital facility that allows businesses to continue to fund its accounts payable which is assisting in the timing of cashflows which needs to be balanced with the collections of accounts receivable. The overdraft amount is a predetermined limit set by your financial institution and is available as both secured and...

Are you a commercial property owner who has been thinking about making sustainable upgrades to your property? Doing so can reduce its carbon footprint, improve energy, and water efficiency, which all make it more attractive to tenants, not to mention it improves your NABERS rating. NABERS stands for National Australian Built Environment Rating System and according to nabers.gov.au it ‘provides a rating from one to six stars for buildings efficiency across energy, water, waste and indoor environment. This helps building owners to understand their building’s performance versus other similar buildings, providing a benchmark for progress’. Investing in sustainable upgrades could...