The IAWO Scheme is a temporary tax deduction that is available to eligible businesses purchasing depreciating assets. The IAWO scheme has been extended to include the current financial year, so your business can still reap the benefits.
The Reserve Bank of Australia (RBA) has lifted the national borrowing rate for the first time since 2010, by a whopping 0.35 per cent, in response to the growing inflation levels.
Australia’s booming property market is creating challenges for established and first time buyers alike due to the ongoing competitive conditions. To be a successful buyer in this market requires the right planning and strategy. Australia’s booming property market According to Corelogic, Australia’s property market has increased in value by 18.4% in the year to September […]
What are the IAWO and TFE Schemes? The Instant Asset Write Off (IAWO) Scheme enables businesses to claim immediate deductions for certain costs relating to depreciating assets. In the 2020-21 Federal Budget, the government introduced the Temporary Full Expensing (TFE) Scheme that has built on the IAWO that was previously in place. In the 2021-22 […]
The housing market has moved past its peak growth rate in March 2021, when dwelling values increased by approximately 2.8 per cent across the nation. Since then, the monthly increase for dwellings has stabilized around the 1.5 per cent mark. The largest growth in dwelling prices has been found in Hobart and Canberra. On the […]
With the increasing shortage of new vehicles and equipment, the second-hand market for many items has inflated by 20-30% over the past year. This boom is being compounded by high commodity prices and long wait times for new equipment deliveries. With this in mind, buyers should prepare for their second-hand purchases with a thorough checklist, effective […]
Is your business heavily reliant on its equipment to run? Then you’ll know how important it is to invest in quality equipment that will stand the test of time, reduce downtime, and improve functionality and efficiency. Upgrading equipment does not have to be a daunting task. The finance brokers at Pacific Finance can help you […]
If you are self-employed or own your own business, you’ll know all about the challenges of keeping your accounts, finances and income flow on track. It is not easy. The last thing you need is a ‘no’ on your home loan application because of the paperwork. But here is some good news. There are alternatives. […]
When is the best time to refinance your home loan? As a homeowner with a home loan, chances are you have heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. The benefits of Refinancing: It […]
Invoice finance allows you to grow the business you want with a quick boost to your cash flow Being in control of your business’s cash flow can be challenging. For instance, not having enough money in the business account each day to pay wages, suppliers, rent and any other financial commitments can be a stressful […]