Five Reasons to Keep Your Business and Personal Bank Accounts Separate
If you’re a small business just starting out, you’ve probably had a lot to think about and consider. One of the major concerns of any business (new or existing) is its finances. How do we charge our customers? How do we secure the funds we need? What administration is required to pay our taxes? You […]
How Fintech Can Help SMEs Succeed in a Challenging World
Australia’s 2.1 million small to medium enterprises are the backbone of the country’s economy, employing over 7.3 million people or about 68% of Australia’s overall workforce. Unfortunately, the COVID-19 pandemic has made the situation difficult for SMEs to thrive; some businesses have been forced to close entirely or temporarily as demand plummeted during the pandemic. […]
Tax Tips: Can Debtor Finance be Used to Pay Your Taxes?
Taxes are an unfortunate part of life. No matter how you earn an income or spend your money, you will be taxed along the way. Running a business also necessarily involves taxes, which can become a burden if not managed and planned for effectively. Every business registered for GST needs to lodge a business activity […]
How to Best Approach Overdue Invoice Payments
Running a small to medium enterprise (SME) is never an easy task. While you would rather spend your time running your operations, planning future strategy and enjoying your successes, there is an endless number of unwanted issues and challenges that may disrupt your focus. One of these is the financial reality of getting paid by […]
Strategies to Manage Your Business Better in 2023
Growth is essential for almost all businesses, especially now that companies have quickly adapted operations to suit a remote workforce, consumer preferences are shifting faster than ever, and business models are continuously evolving. Businesses, of any size and form, need to embrace these changes in order to be competitive, remain relevant, and provide an excellent […]
What Makes Alternative Financing Options Great For SMEs?
Most of the time, you’re responsible for funding everything in your small to medium enterprise (SME), including staying liquid throughout all your operations. When there’s a crisis or an unexpected expense that you need to pay, you may want to consider your options for faster funding alternatives. Banks simply won’t be your best choice when […]
Six Strategies to Make Your Business Thrive In 2021
Preparing for the holiday season is a challenging task for businesses. There are seasonal fluctuations, extended hours, and increasing activity that can make cash flow management more difficult. If you find this situation stressful, you are not alone. Many SMEs experience this, so owners need to devise a better plan to manage their cash flow […]
The Numerous Advantages of Using Debtor Finance for SMEs
Small to medium enterprises (SMEs) secure funding through various methods. Traditional solutions, such as business loans and lines of credit, are useful, but also they have their disadvantages. Deciding how to finance the growth of your business is not an easy job. However, in recent years one of the most popular financing facilities for successful […]
Six Quick and Painless Options for Cash Flow Issues
Cash flow enables a business to meet operational objectives and invest in growth. Businesses don’t always run smoothly, and even profitable companies experience cash flow problems every now and then. Cash flow issues start when debit outweighs the money coming into your business. It is often temporary, but chronic cash-flow pain can cause a severe […]
Debunking 3 Major Invoice Finance Myths
Invoice finance is a great way to release cash into your business when you have outstanding invoices, instead of having to wait 30-60+ for your customers to pay them. This method lets you access money by using your accounts receivables as collateral for financing. No more weeks or months of waiting time to receive your […]