Business, Equipment & Home Finance for SMEs
As a business owner, staying ahead of the curve means not just adapting to changes in the market, but also to new regulations that could impact how you operate. One significant shift on the horizon is the introduction of the National Vehicle Efficiency Standard (NVES), which comes into effect on 1 January 2025. What’s the [...]
It is now far more affordable to salary package an electric vehicle. The cost difference between electric and petrol/diesel vehicles has been a major factor in Australia’s slow adoption of electric vehicles. The Federal Government introduced legislation in July 2022 to significantly reduce the cost of electric vehicles for Australians. Employers who allow current employees [...]
When you seek to borrow money your credit score is important! Your credit score is one of the key considerations used by Lenders to decide whether they should lend you money, on what terms and at what rate. It is a valuable asset, that needs to be monitored and protected. What is included in your [...]
The Personal Property Security Register (PPSR) is a powerful tool that both individuals and businesses can use to protect their interests when buying: Motor Vehicles Equipment Goods Business Assets Used Equipment/Goods Intellectual Property What is the Personal Property Securities Register? The Personal Property Securities Register is a Federal Government online platform that was launched in [...]
The Balloon Payment (or Residual) is the final payment needed to finalise an equipment or motor vehicle finance contract. Business owners and individuals often prefer to include a Balloon Payment in their finance contract to reduce their monthly repayments. Balloon Payments bear interest but are not amortised over the term of the facility They approximate [...]
If you are thinking about leasing business equipment, it is important to understand the options available. To help you make an informed decision I’ve prepared the following checklist of important issues to consider. Leasing Business Equipment - The Business Case A key motivation for leasing business equipment is often its potential to generate income or [...]
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 [...]
If you use your motor vehicle primarily for business purposes and are thinking about changing or upgrading, download our free eBook - The Motor Vehicle Finance Handbook. For some people a motor vehicle is just a practical tool, for others it is a reward or realisation of an aspirational goal. Whatever the reason, to avoid [...]
Novated Leasing is a popular, and often a financially attractive way employees can lease a car from their pre-tax income. This is known as salary sacrificing. By paying the lease from pre-tax income it in effect also reduces your taxable income. How does Novated Leasing work? To access Novated Leasing the employer needs to offer [...]
A question I am often asked by clients is, "What is a Chattel Mortgage and how is it different from a Finance Lease?" A Chattel Mortgage and a Finance Lease are both finance products typically used by businesses to acquire: Business equipment Motor Vehicles How a Chattel Mortgage is different from a Finance Lease The [...]
