, , , ,

What are Australia’s most popular vehicles? The 2020 results are in

Long gone are the days of Holden vs Ford. These days it’s all about the SUV vs the great Australian ute. So which vehicle type topped the list in 2020? Let’s wind back the clock a bit. It’s the year 2000: we’ve dodged Y2K (phew!), you can still photograph your kids sitting next to the pilot, and you’re either a fan of Peter Brock (Holden) or Dick Johnson (Ford) - never both. Back then the Holden Commodore and Ford Falcon…...
Read More
, , , , , , , , , , , , , , ,

Happy New Year! Here’s to a prosperous 2021!

Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution? While we saw the national housing market dip throughout the middle of 2020, it's already started to recover, and many experts predict it'll rebound even stronger in 2021 as the COVID-19 vaccination is rolled out across the country. With that optimistic outlook in mind, now’s a great time…...
Read More
, , , ,

Warning to SMEs: payment times have completely blown out

Small businesses are receiving payments from clients a month late on average - that’s 18 days longer than last year. Make sure your business's cash flow isn’t adversely impacted this holiday season. The blow-out in payment times is having a “devastating impact” on small businesses across the country, warns the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). In October, small businesses were paid 31 days late on average, compared to 13 days late in October 2019, reveals CreditorWatch data…...
Read More
, ,

8 ideas to improve your business’s cash flow over the festive season

The festive season is fast approaching and this year, more than ever, it’s important for businesses to ensure they have their cash flow management in order. Here are our top 8 ideas to help you through the upcoming period. While the holiday period is usually a boon for retailers, cash flow problems still hamper many businesses, as accounts departments across the country take a much needed holiday. With COVID-19 causing all sorts of headaches and heartaches for businesses big and…...
Read More
, , , ,

RBA trims cash rate to new record low 0.10%

If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe says the cash rate cut is part of a package of measures to support job creation and economic recovery from the COVID-19 pandemic. “Given the outlook for both employment and inflation, monetary and fiscal…...
Read More
, , ,

Responsible lending laws to be axed: what that means for you

You might have recently heard that ‘responsible lending laws’ are set to be scrapped early next year. Rest assured though that you'll still be able to borrow responsibly. Let us explain how. The planned scrapping of the responsible lending laws is the federal government’s latest key initiative to boost economic recovery from the COVID-19 recession. Now, the federal government (and the banks) say it will simplify the regulatory landscape and free up access to credit for home buyers and small…...
Read More
, , , , ,

JobKeeper 2.0 is about to begin: here’s what you need to know

Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won't help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business. It’s hard to believe that JobKeeper 2.0 is due to begin next week. But it’s actually been half a year (or 13 fortnightly payments) since the scheme was first launched, over which time around 42% of…...
Read More
, ,

R U OK? We’re here for you, and here’s how you can support others

2020 hasn’t been an easy year for many Aussie households and businesses, which makes today an important one to check in on one another. COVID-19 and associated lockdowns have placed all sorts of new pressures on families and businesses across the country this year. In fact, more than 1.5 million Australians are currently suffering from mortgage stress - the equivalent of 40% of households. With today (September 10) marking R U OK? Day 2020, first and foremost we wanted to…...
Read More
, , ,

More than a quarter of SME businesses knocked back for finance

As if small and medium-sized businesses weren’t already facing an uphill battle this year; now it turns out that more than a quarter were knocked back when they applied for finance in recent months. Here’s how we can help. The latest Sensis Business Index – which surveyed 1,015 businesses in the first week of August – shows 26% of businesses that applied for finance over the past three months were knocked back. The figure was worse in the bush with…...
Read More
, , ,

3 questions SME owners should ask themselves before JobKeeper 2.0

JobKeeper is due for a big shake-up next month, which means if you’ve been relying on it to get your business through these rocky times, you need to start planning ahead now. With the small business ombudsman and many economists concerned about an "insolvency tsunami" hitting small businesses, it’s critical that you start thinking about your ongoing funding plans now to avoid being swept up in the tide. JobKeeper support is set to end for many businesses on September 27,…...
Read More