Secure tax savings in FY21/22 by claiming immediate deductions via the TFE Scheme
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 […]
Australian Housing Market Overview – October 2021
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 […]
Things to consider when purchasing used equipment
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 […]
Secure up to $500k without having to provide financials
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 […]
Self-employed and want a home loan? An alt doc loan might be right for 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?
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 – A quick boost to your cash flow
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 […]
How a Broker can help your business
With numerous amounts of finance options offered through multiple lenders across Australia, it can be a challenging exercise to find the best fit for your business. This poses several questions for hopeful small business borrowers, especially those who are time-poor (and who isn’t?): What kind of loan product do I need? How much can I […]
How to use the Instant Asset Write Off Scheme in 2021
What is the Instant Asset Write Off (IAWO) Scheme? The IAWO Scheme enables businesses to write off the entire amount of an asset, thus allowing businesses to claim an immediate deduction in the same financial year that the assets were purchased. Several changes have been made to the scheme since its inception in 2011. Changes […]
EOFY Checklist
Are you prepared for the EOFY deadlines? With the end of the financial year fast approaching, we’ve made a list of tasks to help keep you and your business prepared. EOFY Checklist 1.Take advantage of the instant asset write-offs (IAWO) Make sure to speak to your Broker regarding the extended instant asset write-offs and take […]