Why do entrepreneurs borrow money for business? Financing your business with one of the many different products available across Australia’s commercial lending market is less about borrow money, and more about making an investment in your business success. Whether you’re starting up, sustaining success, or wanting to make the most of new opportunities, the right … Continued
Are you ready for the upcoming Fringe Benefits Tax (FBT) compliance season? Just to recap, based on ATO’s definition, Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees – including their employees’ family or other associates. You may be required to pay fringe benefits tax (FBT) if … Continued
Data collected by BMT Tax Depreciation, indicates that in the 2016-2017 financial year there was a 22 per cent growth in the number of schedules requested for granny flats nationwide. Of the states Queensland, Western Australia and New South Wales saw the highest growth in the number of depreciation schedules requested for this type of … Continued
What is Business Finance? Unlike residential finance, where the challenge is often to save you money, business finance or loan may be more about helping increase your potential to make money. In fact, residential finance and business finance couldn’t be more different. For a home loan, you simply need funds to purchase a home. It’s essentially … Continued
What is Commercial Funding? Commercial Funding is assessed on many different components. Whilst serviceability is key, the risk assessment includes value and type of security (such as residential, commercial, industrial, specialised and alike); industry type; management experience; age of business; purpose of funds; financial ratios, margins, profitability and trend analysis; bank account performance and credit … Continued
What is Ride Sharing? Have you or someone you know considered taking up ride-sharing (also called ride-sourcing) to earn extra income, or even as an alternative form of employment? Or maybe you’re already a ride sharing driver? If so, do you know your tax obligations? There are things you need to know and we have … Continued