Recent Insights.
29 June 2021
Break-even point analysis & calculation
As a business owner, knowing your breakeven point is so important. It is how you determine whether you’re making profit or not, yet you would be surprised to know that a lot of businesses don’t keep track of all costs involved. In this blog, we explore the importance of understanding your breakeven point, a calculation for businesses to use and the uses and limitations of using a break-even analysis. Key takeaways A breakeven point is the point at which total revenue equals total costs or expenses Fixed and variable costs are used to calculate a break-even point Break even point...
26 May 2021
How to value a business in Australia
If you’re planning to sell or buy a business, knowing how to value the business is critical. And although business value comes to mind more often in relation to selling or buying, there are other reasons why you might want to consider a business valuation. Valuing your business can be beneficial to obtain business financing, attract investors, or for the purpose of exiting the business – something we mentioned in our article on succession planning. Of course, the business valuation task might not be something you would undertake yourself, which is precisely why there are business valuers that have extensive...
26 May 2021
Tax planning for small businesses in 2021
If you’re a business that made use of the instant asset write off then it’s important you have adequate tax planning in place for the upcoming end of financial year. In this blog we explore the various choice to opt out (or not) of temporary full expensing for an income year and what is meant by a loss carry-back tax offset. Temporary Full Expensing extension explained As announced recently on 11 May 2021 as part of the 2021-22 Federal Budget, the temporary full expensing measure will be extended in its current form for another 12 months until 30 June 2023,...
23 April 2021
The importance of strategic focus when opportunities exceed capacity and capability
Clarity on who a business’s target customers are, their value proposition and their unique key capabilities are the foundations for business success and are especially crucial when facing capacity and capability constraints. A challenge facing many West Australian businesses this year is that current market conditions are presenting many more opportunities than there is the capability and capacity to take advantage of these opportunities. Constraints such as retaining and finding staff, and sourcing equipment and supplies are commonplace across many industries. See below a table that shows where; Opportunities are strong and weak in the economy; and There are forces...
23 April 2021
SolvCar: Putting car hire in your hands
SolvCar – Putting Car Hire in Your Hands There is an abundance of ride sharing apps out there and rightly so – they make travel easy! But imagine if you could get from A to B in your very own rental car with a service that is just as easy to use. SolvCar have done exactly this! From the owners of Sunset Rent a Car, Matt and Kylee Best have created an easy to use car hire app where you can book, locate and unlock your car all from your phone. All you have to do is download the app...
8 April 2021
Ledge works with Iron Mine Contracting to bring its growth plan into action
Pictured: Clinton Keenan, CEO at Iron Mine Contracting, Isaac Hough, Finance Executive at Ledge Finance and Derek Williamson, COO at Iron Mine ContractingEstablished in 2015 as a diversified contractor to the Western Australian resources sector, Iron Mine Contracting (IMC) has been achieving major year-on-year growth since inception and has big plans to advance that growth trajectory further. Providing civil, mining, crushing and screening, and Indigenous partnership opportunities to top tier resource clients, IMC aims to solidify its position within the market with a newly developed five year growth plan, supported by Ledge Finance. IMC chief operating officer Derek Williamson said...
29 March 2021
Making home loan finance easy
Delays in home loan approvals coupled with a competitive residential market has increased buyers’ fear of missing out on their dream home. Did you know that pre approvals may not help you secure a home loan? In fact, pre approvals aren’t always necessary if you are wanting to buy a property. In this blog we explore this matter along with: The Difference Between a Standard & Fully-Assessed Pre-Approval What to Consider When Applying for a Pre Approval What is a Preliminary Assessment & how it can help you secure home loan finance How Ledge can put your mind at ease...
18 February 2021
Ledge Finance looks to the future with a relationship-first approach
Having been founded in 1979 as one of the original independent finance broking specialists in Western Australia, Ledge Finance has built its business on strong, long-term client relationships and will continue to do so as it looks to its next chapter of evolution. The company’s founder Phil Botsis passed Ledge’s ownership over to its executive team in late 2020, after forty-one years of growing the company from an equipment-only finance specialist to an all-encompassing debt solutions provider with clients stretching from the Pilbara to the South West and beyond. Chief operating officer Tony Del Popolo said after four decades of...
9 February 2021
New restructuring options for small businesses in 2021
On 10 December 2020, the Government passed new insolvency laws, which include the extension of the existing COVID safe harbour laws to the 31 March 2021, and the introduction of a new debt restructuring process. Advisors and their small business clients should be alert to these changes and are encouraged to act immediately so they don’t risk trading insolvent or exacerbate existing cash flow problems. In this blog we explore the safe harbour provisions currently in place for businesses, the eligibility criteria for the new restructuring options, as well as the new debt restructuring reforms coming into effect now that...