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July 20, 2023

How to choose a pricing model?

A quick-reference guide to small business pricing models, and how one health and beauty retailer sets prices. Increased operating costs, higher inflation and unpredictable or unstable revenue are among the top concerns that business owners anticipate will be major challenges over the next 12 months. These rising costs can prompt small business owners to reconsider the pricing model for their products or services. Finding the right pricing model first means identifying your objectives in setting a pricing strategy. For instance, identify if you are looking to establish your […]
June 2, 2023

Claim the Instant Asset Write-Off before it’s too late…

The current Instant Asset Write-Off program finishes in just 5 weeks! If you are thinking of purchasing an asset for your business, you should think about doing it before June 30!   What is the Instant Asset Tax Write-Off scheme? Under the instant asset write-off, you can write off the full amount you spend on an asset [used for business purposes] in the financial year you purchased it, giving you a tax deduction for the full cost of the asset immediately. Before the program was […]
May 25, 2023

EOFY tax deductions for small businesses

A guide to identifying if EOFY tax deductions apply to your small business. With a new financial year on the horizon, now is the time to familiarise yourself with changes to the temporary full expensing scheme, so your business can make the most of possible EOFY tax deductions.   What is the instant asset write-off? As announced in the Federal Budget for the 2023-2024 financial year, the instant asset write-off threshold has been temporarily increased to $20,000 and extended until the end of the 2023-2024 financial […]
May 4, 2023

EOFY tax checklist

Here are six ways to potentially reduce your small business’s tax liabilities and pay less at EOFY.  EOFY is fast approaching, which means it’s critical to get across your business’s finances and start the new financial year with the right foot forward.  That could mean using cash flow management tools to streamline your business, calculating your working capital or learning how to open a business account to simplify financial management. It’s also the time to make sure you’re not paying more tax than you should.  Two tax advisors have shared their […]
April 11, 2023

Case Study: Dentist

Small Business Loan: Event Manager Total Loan: $80,000 Monthly Turnover: $200,000 Purpose: New Equipment   Comments: Running a successful dental practice is all about appearances – you need to keep your patients’ smiles perfect while also having the latest equipment for your practice. When this dentist needed a loan for new equipment they went straight for a quick and easy unsecured business loan rather than go through all of the hassles of applying for funding through their bank. They were able to get an answer […]
March 14, 2023

Case Study: Event Manager

Small Business Loan: Event Manager Total Loan: $90,000 Monthly Turnover: $50,000 Purpose: Business overheads   Comments: This event business was in the middle of its peak period and needed some funding to help with overheads. After workshopping the deal, the client was happy to accept an offer giving them access to $50,000 within one day and without the tedious documentation required by the banks.     Why Xpress Business Loans? We understand business owners are passionate about their business which is why we look beyond just […]
February 17, 2023

Finance tips to support small business growth

Two finance formulas to use when managing small business cash flow – one to calculate working capital and another your cash conversion cycle. As the new year begins, Australian small businesses are making plans to grow. In fact, 85 per cent of business owners anticipate growth over the next 12 months.* The top three anticipated sources of growth are new clients or customers from referrals; more business from existing clients and customers; and new products or services. This focus on their business’s growth – and the […]
February 7, 2023

Case Study: Solar Installation

Small Business Loan: Solar Installation Total Loan: $1,000,000 Monthly Turnover: $1,600,000 Purpose: Working capital   Comments: Solar installation business which was founded in 2017 has grown from a team of 1 to 54 staff including 9 sales team members. Client needed working capital to acquire $400k of stock, $300k for marketing and $300k for fit out and new work vehicles. A $1m 12-month working capital loan was provided within 6 days to help the business continue moving forward.     Why Xpress Business Loans? We […]
January 11, 2023

Case Study: Ecommerce Swimwear

Small Business Loan: Ecommerce Swimwear Brand Total Loan: $700,000 Monthly Turnover: $1,00,000 Purpose: Working capital for expansion   Comments: Family business with a passion for driving body positivity and inclusiveness within the swimwear industry. Grown from a small local business to having dedicated design, marketing and warehouse teams – additional funds now required for further expansion. Working capital of $700,000 was provided so they could move to a bigger warehouse and purchase more inventory, allowing them to expand into the US market and execute their […]
December 14, 2022

Case Study: Agricultural Product Wholesaler

Small Business Loan: Agricultural Product Wholesaler Total Loan: $100,000 Monthly Turnover: $150,000 Purpose: Purchase Inventory   Comments: Client hit a roadblock after being turned away for a bank business loan on the basis of not having asset security. This busy agricultural product wholesaler was able to get the deal set with an unsecured business loan – no putting up the farm! The loan was approved and funded within 24 hours with just 6 months of bank statements being provided.     Why Xpress Business Loans? We […]