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February 20, 2024

5 tips to master business finances

Managing business finances remains top of mind for business owners, but it can be complicated when you’re growing or planning to expand. Here are 5 tips on optimising your business finances through a dedicated Business Account to streamline your work and improve financial management: Quick Setup Signing up for a Business Account can be done within 2-5 minutes. Some providers like the Prospa Business Account, provide a simple online application if you have just three requirements ready. Mobile Accessibility Download the app if your Business […]
January 31, 2024

Where will your business be heading in 2024?

A new year offers a great opportunity to reflect on where your business has been and where it’s heading. How are you preparing for the year ahead? What would you do with a cash injection? We can provide you with a range of lending solutions that best match whatever your small business needs are – rest assured that cash flow management remains a key challenge for many of my small business clients. Would access to $5K to $150K and a decision that same day, with […]
December 2, 2023

How businesses are planning for the year ahead!

While long-term confidence among small and medium-sized business owners remains shaky, their short-term outlook is brighter, with many planning to broaden their ventures and invest in growth strategies. In a recent poll on their future outlook, 43% of small business owners and decision-makers expressed confidence about the next 12 months. This marks an increase from 39% in March and is nearly aligned with the 44% seen during the latter half of 2022.* The picture is much more rosy than the second half of 2020, with […]
November 17, 2023

Case Study: Pharmaceutical

Small Business Loan: Pharmaceutical Total Loan: $300,000 Monthly Turnover: $1,333,333 Purpose: Acquisition   Comments: Specialising in compounded medications, this dedicated business has been assisting people’s health and well-being for 6 years. With an annual turnover of $16 million, they were ready to purchase a new practice. The lenders took the time to understand their business and expansion plans. Recognising the urgency, they were approved for a $300,000 working capital loan, ensuring healthy cash flow and facilitating their expansion. Funding was provided within an impressive 5 […]
September 11, 2023

Case Study: Cyber Security

Small Business Loan: Cyber Security Total Loan: $250,000 Monthly Turnover: $1,600,000 Purpose: Working Capital   Comments: A well-established cyber security firm needed financial assistance in the form of a working capital to help them trade through a rocky quarter. Receiving approval within 24 hours, they obtained an express loan of $250,000, which was the make-or-break moment for their business survival and profitability moving forward.   Why Xpress Business Loans? We understand business owners are passionate about their business which is why we look beyond just […]
August 9, 2023

Case Study: Accommodation & Food Services

Small Business Loan: Accommodation & Food Services Total Loan: $1,000,000 Monthly Turnover: $5,000,000 Purpose: Venue Acquisition and Expansion   Comments: Working Capital allowed an established hospitality enterprise in the Accommodation and Food Services industry to fuel its growth ambitions. With a 23-year track record and multiple venues, the client relied on a swift $1 million loan with an 18th month term, reaching approval within 7 days. This funding ensured smooth cash flow during a new venue acquisition and expansion plans, allowing the business to concentrate […]
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 […]