Blog

SP 30yr NZ Left

Update: The Australian and New Zealand operations of Bibby Financial Services were acquired by Scottish Pacific Business Finance in late 2015 to create Australia’s largest non-bank invoice finance specialist. Welcome to our website.

Blog

Recent Scottish Pacific Business Finance posts
Guest has not set their biography yet

Does My Business Need to Lodge a BAS? Everything You Need to Know

iStock-1041098670
A business activity statement (BAS) is a form that certain Australian businesses must submit to the Australian Taxation Office (ATO) to report their tax obligations . Some specific obligations include goods and services tax (GST), pay as you go (PAYG) tax instalment, pay as you go (PAYG) tax withhel...
Continue reading
  50 Hits
50 Hits

Keeping Up with Growth: 8 Cash Flow Management Tips for Small & Medium Businesses

iStock-1171357418-4
The Australian economy is looking good, and the majority of SMEs are experiencing bigger profits in 2019. According to Scottish Pacific’s March 2019 SME Growth Index , “Growth businesses are forecasting an average 4.9% revenue rise (up from 4.5%), and only 1in 4 SMEs expect revenues to remain flat.”...
Continue reading
  93 Hits
93 Hits

The Small Business Dilemma of Selling to Major Retailers

iStock-53177808_20190823-001952_1
Selling to big name retailers like ALDI, Woolworths, Coles and Bunnings can be a huge opportunity for small businesses. These major chains can be very profitable customers and fantastic for getting your product and brand in a more visible space.  But there’s a dilemma. With extended payment ter...
Continue reading
  94 Hits
94 Hits

Into the Mines: How Businesses Can Grow Along with Australia’s Booming Mining Industry

unnamed
The mining industry has played a key role in the Australian economy for quite some time. It dates back to the gold rushes of the mid-19th century and accounts for around 7% of today’s GDP . “Australia is a global top five producer of gold, iron ore, lead, zinc and nickel and also has the world’s lar...
Continue reading
  121 Hits
121 Hits

Revenue Growth for Australian Businesses on the Rise

Capture
The March 2019 Scottish Pacific SME Growth Index Report made many interesting discoveries about the current state of Australian businesses. While some findings were discouraging like increased difficulty accessing funding due to property downturns and the Royal Commission, others were quite encourag...
Continue reading
  103 Hits
103 Hits

Everything Australian Companies Need to Know About Corporation Tax

iStock-944101964
Handling taxes is notoriously complex for Australian businesses. It can be overwhelming for SMEs, especially if you lack a dedicated, in-house accounting team.  But it’s vital to understand relevant tax laws, what your company tax rate is and how to properly report this information. This ensure...
Continue reading
  319 Hits
319 Hits

The Key Differences Between Contractors and Employees

Captur_20190731-060811_1
“Is a worker a contractor or employee?” This is one of the most common questions asked by employers. And it’s one you need to get right for payroll tax and obligation purposes. Otherwise, misclassifying workers can leave you liable for employment taxes, and you may get hit with costly penalties. In ...
Continue reading
  575 Hits
575 Hits

3 Lending Options That Overcome Poor Personal Credit

Can I Take Out a Business Loan with Bad Personal Credit?
Access to capital is vital to your company’s growth and sustainability. You need it for purchasing inventory, buying equipment, hiring employees and boosting marketing efforts. Unfortunately, many businesses face a shortage of capital. In fact, nearly two-thirds start with less than $70,000 AUD. If ...
Continue reading
  153 Hits
153 Hits

How to Ensure Adequate Cash Flow in the Face of Australia’s Minimum Wage Increase

Capture
On 1 July 2019, the Fair Work Commission increased the national minimum wage in Australia by 3%. While this may not sound like that big of a deal, it could have a significant impact on cash flow for many SMEs.  In this post, we’ll look at the details and explain how to ensure your business has ...
Continue reading
  265 Hits
265 Hits

What Are Some Viable Financing Options for a Small Business?

piggy-bank-2889042_960_720
Small businesses are Australia’s economic backbone. Recent research found, more than 99% of all Australian companies are small businesses, and they contribute $380 billion AUD to the economy.  But one consistent issue these companies face is obtaining capital. Roughly a third of small businesse...
Continue reading
  266 Hits
266 Hits

Equipment Financing with the Updated Instant Asset Write-Off Scheme

b2ap3_large_Capture
Whether it’s heavy industrial machinery, office computers or anything in between, having the right equipment is vital to the success and longevity of your business. Not only is it essential for completing daily tasks and increasing productivity, it’s necessary for long-term, sustained growth. Of cou...
Continue reading
  983 Hits
983 Hits

SME owners make it clear what they want from new Federal Government

iStock-511806098
Whether the new Australian Federal Government is Labor or Liberal, small business owners are very clear about what actions they want the new government to take to provide the right environment for them to flourish. Scottish Pacific’s latest SME Growth Index research asked more than 1200 small busine...
Continue reading
  403 Hits
403 Hits

SME Finance Solutions That Don’t Involve Property Security

property-Securit_20190502-044436_1
Scottish Pacific’s March 2019 SME Growth Index unearthed many interesting findings. One of the main themes involves property security and its negative impact on business funding. In this post, we’ll examine the overarching sentiment toward property security and offer solutions for companies who don’...
Continue reading
  1252 Hits
1252 Hits

9 signs that your SME clients need business funding

iStock-514210781-2
Businesses that are expanding: growing pains can place massive pressure on business cash flow Freeing up the family home: business requires more funds than available equity Slow paying debtors: clients can sometimes take advantage of a good working relationship and draw out payments Turning away new...
Continue reading
  1330 Hits
1330 Hits

What Type of Debtor Finance is Right for My Business?

What-Type-of-Debtor-Finance-is-Right-for-My-Busines_20181025-023548_1
Debtor finance is no longer seen by businesses merely as a simple stopgap measure for quickly getting on top of unplanned cash flow demands. Increasingly, it’s being acknowledged as an effective means to sustainably foster business growth while minimising the effects of market volatility. It’s also ...
Continue reading
  3807 Hits
3807 Hits

How to Choose the Right Business Finance Provider for Your Company

SP-provider
Interested in looking at finance options for your company but don’t know where to begin? Choosing the right business finance provider for your company is not a straightforward process. Different providers offer different kinds of finance, each with their own unique advantages and disadvantages. But ...
Continue reading
  4939 Hits
4939 Hits

How trade finance works: A basic guide for import/export businesses

importexpor_20180829-002441_1
In our interconnected world where instantaneous global communication is taken for granted, it’s easier than ever to do business anywhere in the world. However, while the opportunities are plentiful, the process of buying and selling internationally is not without its risks and complications. There a...
Continue reading
  5638 Hits
5638 Hits

PM for a Day

PM for a Day
From the outside it looks like a frustrating career choice: who would truly want the pressure and the hassle of being the country’s Prime Minister? But if you had the job for just 24 hours and could actually achieve something, free of the headaches caused by the Senate or by pesky backbenchers, well...
Continue reading
  2565 Hits
2565 Hits

Online Sales Hit High, But Some Businesses Still Lag

Online Sales Hit High, But Some Businesses Still Lag
Australian businesses are pulling in record amounts through internet sales, with income obtained from online orders in 2015-16 totalling $321 billion, up nearly 50% from $286 billion in 2014-15. The figures are exploding as more and more business across a variety of industries establish online order...
Continue reading
  1403 Hits
1403 Hits

The Impact of Changing Franking Credits

The Impact of Changing Franking Credits
The widely welcomed cut to the small business tax rate has come with a sting in its tail. The changes will put pressure on business owners to pay out retained earnings sooner than they might have otherwise planned, to give shareholders the benefit of existing franking credits before they lose some o...
Continue reading
  1695 Hits
1695 Hits

AWARD WINNING SOLUTIONS

sp awards2019

         Industry Cash flow  Lender
      Award Winners 5 years in a row

ENJOYING OUR CONTENT?

Subscribe to receive relevant articles and news to help you manage and grow your business.

Invalid Input

Please let us know your name.

Please let us know your email address.

Invalid Input