Business, Equipment & Home Finance for SMEs
An issue business owners often face is whether to buy new or used equipment. On one hand used equipment can be less expensive, but it's not without risks. On the other, new equipment is generally more expensive. When weighing the options as to whether to buy new or used equipment, it is critical to look [...]
A question I am often asked by clients is, “what is the difference between and an Equipment Rental and a Chattel Mortgage?”. Whilst both are finance products, their implications are different from both an ownership and tax perspective. For some circumstances and types of equipment, a Chattel Mortgage may be the best option. In other [...]
With the new financial year fast approaching, many businesses are turning their mind to their plans for next year and recovery from COVID-19. If this involves acquiring equipment, then it is important to understand the Asset Finance options available and avoid expensive mistakes. Why use Asset Finance? The major benefit of Asset Finance is that [...]
The Federal Government has today announced that Instant Asset Write-Off which was due to expire on 30th June, has been extended to 31st December 2020! To qualify, the assets must be used for business purposes and be installed by 31st December 2020! How the Instant Asset Write Off works The Instant Asset Write Off provides [...]
If you are thinking about investing in new equipment, there are five critical Equipment Finance Traps to avoid! Increasingly, business owners need to invest in new equipment to improve productivity, create efficiencies or meet higher customer expectations. Having the latest equipment can help businesses sustain their competitive advantage, but if finance is required, it is [...]
There is a simple, low-cost, step that will help avoid disaster when buying a second-hand car! That is; use the federal government Personal Property Security Register (PPSR). A quick search will cost only $2 but it could save you thousands! The PPSR can help you avoid financial disaster by confirming: The vehicle is not held [...]
To assist businesses thinking about investing in new equipment, I have launched a comprehensive Equipment Finance Handbook. At this time of year, many businesses turn their mind to ways they can compete more effectively, improve quality, shorten turnaround times or improve productivity. Often to achieve this, new equipment is required. Which in many instances needs [...]
The 500 Group are delighted that two of our Directors, Eamonn Keogh & Greg Pierlot were awarded the ANZ Commercial Broker of the Year 2019 Business Banking! The award is fantastic recognition for the outcomes they have been able to achieve for their clients in a challenging operating environment. Successful Outcomes Require a Partnership! For [...]
Reflection is a powerful but vastly under utilised tool that we can use to solve problems and achieve the outcomes we seek. Whether you run your own business or are an employee, the pace of life can be frenetic. Even if you love what you do, there never seems enough time to do everything that [...]
Whether you are a business owner or employee, the need to do what we can to improve our personal productivity has never been greater! The demands on our time are increasing and it seems there always more to do than the time we have available! Added to this: Customer expectations are increasing The need to [...]
