business Archives · Page 2 of 2 · Australian Loans Group

Tax Deadline Nears

Posted on 10/11/202325/10/2023 by Laze Spasevski

As the tax deadline nears, the Australian Taxation Office (ATO) has reminded taxpayers to lodge their taxes. You may lodge through myGov or engage with a registered tax agent by the October 31 deadline to avoid late lodgment penalties. If you have simple tax affairs, you can lodge online, often in under 30 minutes, through the myGov portal. Most of the information you need will already be p...
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SMEs Optimistic About the Future

Posted on 26/01/202324/01/2023 by Laze Spasevski

SMEs are cautiously optimistic about the future, according to the Australian Banking Association's Small and Medium Enterprises Lending Report. The report, which surveyed businesses throughout the country, found an increase in the average value of loans in the year to July: Small business loans rose from $2.9 million to $3.4 million Medium business loans rose from $12.7 million to $...
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Business Credit Applications Fell 2.0%

Posted on 16/09/202207/09/2022 by Laze Spasevski

Business credit applications fell by 2.0%, according to the Equifax Quarterly Commerical Insights report for the June quarter. The number of business loan applications actually rose 2.0%, however, trade credit applications fell 2.3% and asset finance applications fell 9.1%. As a result, overall business credit applications has fallen by 2.0%, which was the first decline in five quarters,...
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Australia’s Economy Gets Big Tick

Posted on 09/08/202210/08/2022 by Laze Spasevski

Australia's economy is officially one of the strongest in the world. That’s after Moody’s affirmed Australia’s AAA credit rating, making Australia one of only nine countries in the world to have a AAA credit rating with the three major ratings agencies. "Australia's economy continues to demonstrate resilience, underpinned by its scale, diversity and high incomes, as well as its highly fl...
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