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As announced in the 2023-24 budget, starting 1 July 2025, it has been proposed that businesses will no longer be able to claim deductions for General Interest Charges (GIC) and shortfall interest charges (SIC). While this policy is yet to be legislated, businesses need to plan ahead in the event the policy is passed. This potential upcoming change […]

A “balloon” is a lump sum payment that can be structured at the end of term of a car or equipment finance contract, normally for the purpose of reducing repayments. Customers often have the option of structuring their loan to either completely pay off the loan over the term or could choose to have a

Data breaches can happen to anyone, and if your personal information has been leaked, it’s crucial to take swift action to protect yourself. In this blog post, we will discuss seven essential steps you can take to minimize the impacts of a data breach and safeguard your personal data. Experiencing a data breach and having

For some businesses, the holiday period can cause a bit of a strain on their working capital as they close down however bills, rent and staff wages all still need to be paid while there is little to no revenue coming in. Another thing may be that they need to outlay more capital to increase

For some businesses, the holiday period can cause a bit of a strain on their working capital as they close down however bills, rent and staff wages all still need to be paid while there is little to no revenue coming in. Another thing may be that they need to outlay more capital to increase

Anyone who has applied for a car or equipment loan in the last few weeks may have been a little taken back and thought the rate offered by brokers, dealers and the banks seemed high. The rates are higher, but this is not because the banks want to charge more. It is simply the cost

Thank you to everyone for their well wishes in my nomination for Broker of the year. Unfortunately, I didn’t take out the award this year, but it was an honour to have been nominated, and even further grateful for being shortlisted to 3 finalists. Congrats to Joel Quatermain from Pacific Capital for winning the Broker

When businesses are looking for finance, their immediate reaction is to go to their bank in many cases. However, banks are generally slow, ask for way too much information, and rarely have little understanding of business and how it operates. Furthermore, once the finance commences, they offer no support in managing the contract. In other

Every businesses situation is different; therefore, there is no single correct answer to this question. However, there are some basic principles that customers need to understand when deciding whether to pay out the contracts early or faster: Equity in equipment ties up cash – There are many other options for using capital for a business

There is more to financing equipment than being quoted a monthly repayment. A good finance company or broker should provide businesses with a tailored finance solution that meets various needs. Many businesses often make a decision based on the interest rate or the monthly repayment. While this is an important factor, the “right” finance solution