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Small Businesses Find Tax Time Stressful, Confusing

Don’t feel bad if you find the end of financial year (EOFY) challenging – because so do most entrepreneurs. A Xero survey of more than 1000 small business owners and decision-makers found that 71% considered EOFY to be stressful and 56% had experienced mishaps in previous years. Furthermore, 83% of respondents said they found at least part of the year-end process overwhelming, with the biggest sources of overwhelm being: Navigating tax compliance = 33% Gathering financial data = 32% The time investment required = 30% Staying on top of receipts = 28% Balancing financial deadlines with day-to-day operations = 26% Xero managing director Anthony Drury said EOFY can be a difficult period for small businesses, due to the greater pressure it places on time and resources. “We always encourage small business owners to connect with their accountant or bookkeeper throughout the year to make EOFY preparations easier. EOFY highlights how important those relationships are as advisors can h...
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Five Tips to Beat Out Other Buyers - QLD Capital Solutions

Property buyers are being forced to compete hard in many markets around Australia, so how can you improve your chances of securing your dream home? Here are five tips to beat out other buyers: Have a home loan pre-approval in place. This will make you look more attractive in the eyes of real estate agents, because it will position you as a serious buyer who can move quickly if their client accepts your bid. Build good relationships with agents. Real estate agents work for vendors, not buyers, so they prioritise their clients’ interests. But if you can establish a good working relationship with agents – even while keeping some of your cards up your sleeve – they might favour your offer over those of other buyers. Be realistic with your offers. If you’re buying via private treaty, avoid the temptation to begin with a lowball bid, otherwise agents will take you less seriously than the buyers who are making serious offers. Make an offer before the auction. If you’re buying...
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All You Need to Know About Small Business Loan Types

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Getting loans can help small businesses grow. In Australia, small businesses borrow billions of dollars in total every year! The money lets them keep running and expanding. If you own a small business, you have options for getting loans. This guide explains the different types of small business loans. It will help you make a smart choice if you need funding. The right loan can give your business the boost it needs to succeed! Key Takeaways: Small business financing is vital for the growth and success of Australian businesses. Businesses collectively borrow billions of dollars each year. Understanding small business loan types is crucial for making informed financing decisions. This comprehensive guide will provide insights into different types of small business loans. Stay tuned to discover the pros and cons of unsecured business loans, how to choose the right loan, and strategies to increase your loan approval chances. Understanding Business Loans: A Comprehensive Guide. Loans are...
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What’s better? Banks vs. Finance Brokers

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  The options can seem overwhelming when it comes to securing financial assistance, whether for a home loan, business investment, or personal project.  Two prominent avenues often stand out:  Traditional Banks and Modern Finance Brokers . While both have their merits, we'll show why finance brokerage might be your go-to choice for a smoother and more tailored financial experience. Expertise and Specialisation Banks , with their extensive national footprint, provide a one-stop-shop experience . However, finance brokers take specialisation to the next level. These professionals are well-versed in the intricacies of financial products, and they focus solely on finding the best-suited solution for your specific needs. Their in-depth knowledge can make a world of difference in securing the best deal. Customisation and Tailored Solutions When dealing with banks , you often encounter standardised offerings that might not align perfectly with your requirements. Finance broker...
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Location: Queensland, Australia
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Securing Small Business Loans for Startups on the Sunshine Coast

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  For entrepreneurs and small business owners on the Sunshine Coast looking to turn their dreams into reality, access to capital is key. Through specific lending strategies and financing solutions, the experienced team at Queensland Capital Solutions helps startups secure the small business loans they need to launch and scale their ventures. Choosing the Right Lender One of the first steps is finding the right lender willing to finance an early-stage business. Rather than relying solely on credit scores, it's important to find a lender that takes the time to evaluate your actual business goals, plans, and financial projections when considering your loan application. Our brokers have cultivated relationships with various lenders, including major banks, online lenders, alternative financiers, and more. This allows us to source competitive interest rates and flexible repayment terms tailored to each client's unique needs. For startups and newer entrepreneurs with minimal credit hi...
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Location: Sunshine Coast QLD, Australia
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