This year has started off with a few issues, namely the fires and now the current threat, the Coronavirus, but there is enough written about those without having to re-cap. I want to say how proud I am, how proud the whole team at Transport Finance is to be working not only within the Transport[Read more …]
[Continue reading...]Our Commitment To You
The Banking Royal Commission some 9-10 months ago now highlighted a lot of faults within the Banking system and has caused a tightening of credit availability to the small and medium sized businesses across the country. The current Covid-19 pandemic has caused a second round of tightening with the Banks/Finance Companies credit departments. You now[Read more …]
[Continue reading...]7 QUICK FACTS TO ASSIST IN UNDERSTANDING WHAT IS NOW AVAILABLE UNTIL JUNE 30TH, 2020 VIA THE AUSTRALIAN GOVERNMENT’S ECONOMIC STIMULUS PACKAGE*.
BOTH of the 2 initiatives shown below are available to ALL businesses with an annual turnover of less than $500 mil. $150,000 INSTANT ASSET WRITE OFF. Any eligible asset (vehicles, machinery etc) with a purchase price of $150,000 or less(excluding GST) acquired from March 12th to June 30th 2020. Asset can be NEW or USED[Read more …]
[Continue reading...]JOBKEEPER Package
The $130 billion funding marks a third tranche of stimulus designed to limit the fallout of the coronavirus pandemic on the country’s economy. Under the $130 billion plan, which was announced on Monday, businesses will be given the fortnightly wage subsidy to help pay their employee’s wages for at least six months while the business[Read more …]
[Continue reading...]Government COVID-19 Stimulus Plan: Tax-related Measures
Note: current as of 25 March 2020 Federal Government Stimulus Measures Effective Date Support for businesses Instant asset write off Instant asset write-off threshold for depreciating assets under $150,000 for businesses with aggregated annual turnover of less than $500m The depreciable assets applies to both new and second hand assets first used or installed ready for[Read more …]
[Continue reading...]TALK AROUND TOWN
Tis the season for Elections it appears, between Victoria late last year, NSW and now heading in to a Federal Election in May. The odd thing this time around it at appears in each one, the result is a forgone conclusion. Despite which side of politics you may reside, the end result will either be[Read more …]
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