Good news for the Manufacturing Industry but the drought pushes input costs higher
According to news reports this week, activity levels across Australia’s manufacturing industry has rebounded positively in August. The Australian Industry Group’s Performance of Manufacturing Index (PMI) reported a rise to 56.7 points last month after seasonal adjustments, up 4.7 points on the level reported in July. This is a particularly strong performance amid the political chaos of […]
With tax cuts for big business abandoned, what is the fallout for SME’s?
The news has been dominated in recent days by the Liberal Party Leadership saga, a new Prime Minister and a new Cabinet. However, the last days of the Turnbull Government saw proposed corporate tax cuts for big business being consigned to the scrapheap. The contentious plan to cut the corporate tax rate for big business […]
How fast finance can become a long-term problem for SME’s
We are pleased to see the findings of the landmark report released by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) published in June this year. Since her 2016 appointment, Kate Carnell has been targeting the lack of funding options for Australia’s 2.2 million Small Business owners, many of whom rely on credit to support and […]
Why invoice financing is a great fit for manufacturing
By it’s very nature, the manufacturing industry lends itself well to invoice financing, a flexible and agile funding method. Manufacturing is alive and well in both Australia and New Zealand. Reports are stating that the manufacturing industry in Australia is heading for a renaissance, with 40,000 new jobs created in 2016. In New Zealand, manufacturing also plays a […]
Invoice finance for healthcare and medical suppliers
Healthcare and medical suppliers are growing industries. IBIS World reports that the industry in Australia is worth $137b per year, employs 850 thousand people and boasts a growth rate of 4.6% from 2013-18. This is in stark contrast to a GDP growth rate of less than 1%. The aging population, technological advances and private health insurance […]
How Invoice Finance Can Help Your Cashflow
Maintaining healthy cashflow is a constant concern for small and medium-sized businesses, and often a key point of stress for owners and managers at the helm of these kinds of companies. Payment periods for invoices have crept up over the years, and it’s not uncommon to see large businesses and government departments paying their small […]
Invoice Loans Versus An Overdraft: What Is The Right Choice?
No matter how successful a small, or even medium business is, dealing with cashflow is often a challenge. Businesses may be able to control their outgoings and win big contracts, but when invoices are being paid later and later, issues arise with maintaining regular cashflow. In order to keep employee wages paid and meet payment […]
What Is Invoice Financing
What is Invoice Financing? Nobody ever said that running a business was easy. There are endless challenges awaiting intrepid business owners as they embark on sustaining and growing their business towards the future. However, one unexpected obstacle that too often appears is that of cashflow. Even when businesses are working with and invoicing large, reputable […]
New index looks at the state of small business
Accounting firm Xero are now providing a monthly report as insight into small businesses to inform government policy and regulation.
