Rent vs buy

Why rent?

Did you know that with current interest rates (based on an interest rate of 3.75%) each $100 per week in rent you pay may support a loan of about $95,000? 

propertySo, if you're paying $400 a week rent you may be able to support a loan of $380,000. 

If you think that you don't have enough deposit chat to us anyway. There may still be options using lenders mortgage insurance or family guarantees to get you into your new home. 

Don't delay; there is a Better Way. For an outline of the options available, email or phone Collins Hume Lending Specialist David Seymour on 0418 785 747. 

David Seymour is an Authorised Credit Rep No 477331 of Regional Finance Solutions Pty Ltd ABN 71163893945 Aust Credit License 484980.

Crowd Sourced Funding Equity Raising

Crowd Sourced Funding launched 19 October 2018

Crowd Sourced Funding Equity Raising for small proprietary companies is now available in Australia without requiring a proprietary company to convert to an unlisted public company.

crowdThe UK, Europe, USA, Canada and New Zealand have been allowing their private companies to utilise crowd source funding equity raising for around six years. Australia has now caught up.

This is great news for company directors and shareholders of small medium enterprises who would like to expand their businesses, achieve new heights and achieve their dreams.

Eligible companies will have group annual turnover of less than $25 million and will have group assets valued at less than $25 million and will not be listed on a stock exchange or a financial market anywhere in the world.

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Equipment loans

Are your tax liabilities up to date?

Many small businesses have previously treated the ATO as an overdraft or line of credit to fund their business when cash flow has been tight. 

credit scoreWhile this was never a great idea, it is now worse than ever to do this. 

But why?

Firstly, until this year the ATO never reported your debt to the credit reporting agencies – but they do now, meaning that your credit rating can be adversely impacted by not paying your tax (and this includes your GST payments).

Secondly, most lenders are now asking you to provide a report from the ATO showing that you have been paying your liabilities promptly – this report routinely goes back 12 months. So if you pay late it will impact on your ability to obtain a loan for at least 12 months unless you have a really good reason.

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Your business growth

Making the most of business growth opportunities?

Business owners are passionate about their businesses and, when we talk to our clients, they always have great ideas about how to grow their businesses.

growThe enthusiasm goes beyond owners. Surveys (with Australian small and medium business in Q1 2018) show more than half (53%) of business owners believe their team is engaged to grow their business.

But perhaps business owners are not making the most of their opportunities. Only 39% of those surveyed had made Growth Plans. 

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Cryptocurrency guidelines

Cryptocurrency guidelines updated

The Australian Tax Office (ATO) has updated their guidelines on the tax treatment of cryptocurrencies, following community consultation in 2018.

cryptocurrencyThe updated guidelines help you learn more about the tax implications of cryptocurrency, including the practical issues of exchanging one cryptocurrency for another and associated record-keeping requirements.

If you have purchased, traded or profited from the sale of cryptocurrency, you may have tax-related obligations of which they are unaware.

Tax treatment of cryptocurrencies

The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority or government.

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