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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...

All businesses, whether knowingly or not, are intertwined with the ESG movement.  As ESG elements become increasingly visible across the various lenders lending criteria, it will be crucial for businesses to not only understand what ESG is, but also adopt a robust ESG strategy. What is ESG? ESG (Environmental, Social and Governance) factors are core to an organisation’s strategy and operations. They are non-financial factors that investors and lenders use to identify material risks and growth opportunities and include the following. Environmental This relates to a business’s commitment to the natural world both in current projects but also how they...

Every business owner’s dream is to build a successful business but scaling up a business is a decision that should not be taken lightly. The key here is to ensure the new business opportunity is not only profitable but also sustainable. 5 Most Critical Matters to Consider When Scaling up Your Business Strategy – A strong, thought out strategy that is constantly updated Leadership – Ability to drive change and be a visionary Change – ability to implement and adapt to change Technology – Internal systems being able to keep up with the changes Cash Flow – Ability to fund...