A common theme among small business owners is the consistent workload and stress of managing and growing their business. According to Trading Economics 2021, they reported 16.6% of the Australian workforce were self-employed. For that 16.6% of Aussies, building and maintaining a business, is a challenging process that involves many demands and uncertainties, ranging from […]

A balloon payment is an amount due in full to the lender at the end of the loan period, after all scheduled monthly loan repayments have been completed.  This enables you to repay your loan over its term, at reduced monthly installments.  And how is the payment calculated? For example: Let’s say you buy equipment,

If you are exploring financing options for your business equipment, such as trucks, trailers, or excavators, it can be an overwhelming task. Although your first thought might be to discuss a loan with your bank, there’s a more efficient alternative that can save you time, effort, and money – engaging the services of a finance

As part of the 2023–24 Budget, the government announced a lodgment penalty amnesty program for small businesses. Thousands of eligible small businesses have taken advantage of  the lodgment penalty amnesty. If you haven’t done this yet ATO has given until 31st of December to join to the lodgment penalty program! When you lodge your eligible income tax

Gross profit and net profit are important financial metrics in any small business, and knowing the difference between them is vital in understanding the performance of your business. Here’s what you need to know…. Gross Profit: The Foundation Gross Profit, often known as Gross Income, is the revenue a business earns from its core operations

The risk of cybercrime is increasing, as companies are depending more on digital technologies and expanding their online presence. Businesses can suffer greatly from cybersecurity hazards, which can include ransomware attacks that lock down firm files and data breaches that reveal confidential information. It should be approached as a business issue since it is one.

Running a business is a challenging and dynamic journey. It’s not just about achieving success; it’s also about recognising the signs of prosperity and addressing the red flags that can impede your progress. Let’s explore seven clear indicators that your business is thriving and provide insights on how to overcome any potential red flags. 1.

Spring cleaning is a big focus this time of year, so why not take some time to give your business a once-over? There are lots of ways you can refresh your business and ensure you’re running as efficiently as possible. Take a fresh look at your finances Make sure all your financial processes are running

You already understand how valuable time is if you run your own business or work for yourself. So it can seem hard to obtain a loan for your business when dealing with lenders who need a ton of paperwork to prove income. Furthermore, many self-employed people find it challenging to supply their lender with traditional

We’ve put together a basic insurance overview when purchasing equipment through finance. Over the years of organising finance across Australia, the EXEQ  Finance team has witnessed events from customers losing equipment in a fire, to having equipment being stolen off the street. We want to make sure our customers are aware they need to be