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With the value of equipment currently at historic highs, it is the perfect time for business owners in this situation to seek formal sworn valuation of their equipment and potentially raise an asset revaluation to strengthen their balance sheet. There is a transition happening in business, where baby boomers are reaching retirement age and can either: Sell their business to a competitor Sell part or all of their interest to key employees Undertake formal succession to the next generation In this blog, we explore these elements in greater detail, however we would like to note that this should not be...

The Western Australian Government has announced a $72 million package for businesses impacted by the Level 2 public health and social measures. The package includes: The Small Business Hardship Grants Program Payroll tax relief for large hospitality businesses COVID-19 Commercial Sporting Franchises Support Program Read on for more information, or contact your Ledge account executive to find out if you are eligible. Small Business Hardship Grant Program The Small Business Hardship Grants Program will provide tiered grants to businesses that have experienced a 50% or greater reduction in revenue for any two-week consecutive period between 1 January 2022 to 30...

Trade Sanctions / Embargos In light of the Russian / Ukraine conflict, its timely to review and understand the potential impact Sanctions may have on your business. Most of us will have a basic awareness of what sanctions are, and that they can be applied from Australia mirroring UN Security Council Resolutions as well Australia applying its own autonomous sanctions. Who must comply with sanctions? Although each specific Australian sanction regime varies in scope, all are applicable within Australia. Australian sanction laws are enforceable against Australian nationals, whether they are in Australia or overseas. What are the potential penalties and...

  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...