Insights.

Expand & Grow

Small business strategies for success

Take your business to the next level You started with creative ideas, and a vision for your business. You have an understanding of small business strategies and the do's and don'ts. You know what success will look like when it arrives. You've read all the books that...

Purchase Assets

The Instant Asset Write-Off Guide for business owners

In March 2020, the Government massively expanded the scope of the Instant Asset Write-Off (IAWO) scheme, following the onset of coronavirus. The threshold was increased to $150,000 from $30,000 and the eligibility expanded to cover businesses with aggregate turnover...

WATCH: Instant Asset Write-Off extension and other insights

GetCapital's Head of Strategic Partnerships, Cristian Fedrigo recently participated in AFG's Broker Insights panel "SME Recovery", discussing the Government's Instant Asset Write-Off extension under its expansion of the scheme, and other industry information. In the...

The Federal Budget 2019 small business cheat sheet

  As anticipated, the 2019 Federal Budget delivered by Treasurer Josh Frydenberg on 2 April 2019 included a range of tax cuts for both individuals and for small businesses, both of which may be applicable to small business...

Did the Federal Budget go far enough for small business?

In his 2019 Federal Budget, Treasurer Josh Frydenberg’s primary small business tax policies were: (1) to increase and extend the instant asset write-off on asset purchases; and (2) to phase in a decrease in the business tax rate for small businesses. Highlights of the...

Chattel mortgage vs rental

Convenient asset financing solutions to free up working capital One of the most demanding aspects of running a business is the efficient management of cash flow. And with major purchases sometimes making significant dents in readily available funds, it's important to...

Why October is a good time for a new business car

Now that spring has sprung, the sun is shining, and it's time for spring-cleaning. In October, for car dealers that means spring clearances and the beginning of the rush to clear out old models. If you're in the market for a new car for your business, now may be a...

Payments

Trade credit terms in Australia

Trade credit terms in Australia

Trade credit in Australia – as opposed to bank credit - is a vital source of business funding.  By offering trade credit, goods and services can be exchanged before payment needs to take place, usually on interest-free terms that vary by industry and business...

Late payments hinder business growth

Late payments hinder business growth

Late payments are a perpetual problem for businesses around the world, including Australia. When doing business, companies typically agree to payment terms in exchange for goods and services. However, according to research, Australian businesses receive their payments...

Outdated trade credit due for innovation

Outdated trade credit due for innovation

Trade credit is the practice of supplying goods and services to a business or individual with an agreed payment at a later date. Not all businesses use trade credit. Instead, some businesses and sole traders require upfront, cash-on-delivery or even pre-payment for...

Preserving SME trade credit relationships

Preserving SME trade credit relationships

Offering trade credit terms is standard practice for businesses in many industries.  Both the amount of trade credit (the limit) as well as the length of the terms offered, are important elements of the overall trade relationship between buyer and seller.   Part of...

The power imbalance of SME trade credit

The power imbalance of SME trade credit

B2B trade credit has not seen much innovation in the past 40 years, despite significant digitisation and technology advances across supply chains. The way trade credit has traditionally been supplied by non-financial entities is driven by market forces of supply and...

Trade credit marred by chronic inefficiency

Trade credit marred by chronic inefficiency

With so much business capital outstanding as part of the trade credit economy, it’s safe to say that nearly every business in Australia, large and small, is linked in some way to this vast ecosystem. Far from a win-win solution, trade credit is actually quite...