Introduction: Franking credits can be a helpful perk in Australia’s tax system, lowering taxes on dividends for shareholders. But tax-exempt groups need to be careful not to lose out on franking credit refunds. In this blog post, let’s break down the tricky part of the law, subparagraph 207-122(b)(i) of the Income Tax Assessment Act 1997 … Continue reading Franking Credits: A Simple Guide for Tax-Exempt Groups
When it comes to getting a business loan, most entrepreneurs only focus on credit history, business plans, and financial statements. However, an often overlooked but powerful factor that can affect loan approval and terms is your tax strategy. How you handle your taxes can greatly affect the financial health of your business and, in turn, … Continue reading Business Tax and Credit Strategies: A Link to Financial Success
As a small business owner, your credit score can be critical in obtaining financing and favourable conditions for loans, leases, and other credit arrangements. Building and maintaining a strong credit score is critical to the financial health and growth of your company. In this blog post, we will discuss how to develop a solid credit … Continue reading Building a Strong Credit Score for Success
Small business financing refers to the process of obtaining capital or funding to start or grow a small business. Small business financing can take many forms, including loans, lines of credit, down payments, grants, invoice financing, equipment financing, and more. Small business financing is essential for small business owners to purchase inventory, invest in growth initiatives, … Continue reading Exploring Small Business Financing Options
On the superannuation front, we now have two major reports assessing how super accounts fared in the 2022 calendar year. SuperRatings issued its average balanced return recently and found it was minus 4.8%. Late last year, ChantWest undertook a similar exercise – reporting a figure of minus 4.6%. There have been four negative years since … Continue reading Crystalising capital losses
As a tradesperson, managing your finances can be a daunting task. From keeping accurate records to staying compliant with tax laws, there are many challenges that can arise when managing your accounting and bookkeeping. In this blog, we will outline some of the key challenges faced by tradies and how to overcome them. 1. Keeping … Continue reading Top 10 Challenges As A Tradie To Manage Your Finance
A customer credit policy is an important aspect of any business, as it helps to manage the financial risk associated with extending credit to customers. By setting clear guidelines for credit approval, credit limits, and collections, a credit policy can help to ensure that a business is able to maintain a healthy cash flow and … Continue reading 10 Easy Steps You Can Turn Customer Credit Policy Into Success
