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As the end of the financial year approaches in 2024, it’s important for businesses to start thinking about their tax obligations and financial strategies. Here are the top ten tips to help you make the most of the 2024 end of financial year: 1. Review your financial statements Take a close look at your […]
Read moreRising wage inflation is the top concern for small business with over 70% of SMEs worried about increased wage costs impacting their business this year. According to the latest round of the SME Growth Index by Australia’s leading non-bank business lender, ScotPac, 75% of larger SMEs (revenue between $5 – $20 million) are worried about […]
Read moreEven brilliant entrepreneurs struggle with cashflow, particularly when they are just getting started. As a leading global cashflow solutions provider, we see many companies struggling to smooth out their cashflows and have a reliable level of working capital. Here are the five most common problems they help small businesses solve: 1. Rapid Growth. Companies that […]
Read moreFor many people, the summer season is a time to relax and enjoy the long summer days, lazy evenings and a chance to take a long relaxing holiday. However, the reality for many small business owners and managers can be a world apart, especially for those whose busy period falls in the summer months. Seasonal […]
Read moreAustralia’s small and medium-sized enterprises (SMEs) are still feeling the squeeze of rising costs, with business owners citing wage inflation (82%) and electricity pricing (49%) as their biggest financial pain points. The key findings – contained in the latest edition of ScotPac’s bi-annual SME Growth Index Report – followed a 3.5% increase in national […]
Read moreA massive 87% of West Australian SMEs are forecasting positive enterprise revenue growth in the six months to March 2023, compared to just 15% of SMEs in Victoria. The ‘boom or bust’ predictions of the two Australian jurisdictions most affected by COVID-related lockdowns are contained in the latest round of the bi-annual SME Growth Index […]
Read moreOur Scottish Pacific SME Growth Index is a twice-yearly snapshot of Australia’s small to medium sized business sectors showing cashflow issues that many businesses face today, below is one of six key insights found in our March 2019 report: For the first time in the five years and 10 rounds of the Scottish Pacific Business […]
Read moreUpdated on 5th March 2024 Cybercrime continues to evolve to take advantage of new technologies, consumer behaviours and working arrangements. Despite combined activity by the Government, law enforcement, private sector, and community to disrupt and prevent scams, cyber-crime incidents continue to rise. According to the ASD Cyber Threat Report 2022- 2023 , the top 3 […]
Read moreUpdated on 22nd November 2024 A cash flow loan can be a vital lifeline for businesses, especially small and medium-sized enterprises (SMEs). By providing the necessary funds to manage unexpected expenses, cash flow gaps, or periods of significant growth, these financing options are quicker and more convenient than traditional ones. The right cash flow loan […]
Read moreMany businesses use and rely on equipment to carry out its operations. Some of this necessary equipment can be quite costly requiring a substantial investment of capital from a business to purchase. Equipment finance, including used equipment financing, is a financial facility that businesses of all types utilise in order to ensure access to working […]
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