End of financial year preparation
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What are the regulatory requirements for small business owners?

At this time of year, there are certain tasks small business owners are required by law to complete. These tasks include:

  • Filing an income tax return. 
  • Business Activity Statement (BAS). 
  • PAYG withholding payment summary annual report. 
  • Payroll tax. 
  • Workers’ compensation insurance.
  • Superannuation payments. 
  • Fringe benefits tax return. 
  • Staff salaries and awards conditions. 
  • Government grants. 

Heading into end of the financial year is the best time for a financial health check with your client. Chances are they will be considering purchasing new or used equipment or potentially needing to catch up ATO or superannuation arrears.

Call CEG today to see if we can provide a solution that suits your clients needs.
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                 Recent Loan Funding's


$275,000 Divorce payout- Applicant had unfortunately gone through a messy divorce, and required funding to payout the ex-partner. There was no property available as security but he had numerous items of unencumbered equipment that was offered as security. CEG was able to assist allowing the applicant to put the past behind him and make a fresh start.

$45,000 Equipment finance - CEG was able to provide assistance to a young applicant (who had recently transitioned from sole trader to company) that was looking to purchase a pallet truck. He was still in a start up phase but living at home with minimal commitments and had a decent savings history. The applicant was able to contribute a deposit, and collateral security in the form of an unencumbered vehicle.  

$108,000 Equipment finance & Tax debt- A transport company had fallen behind meeting tax commitments due to unforeseen circumstances. The applicant's accountant had made a payment arrangement to stave off any potential ATO actions. A truck upgrade was also required to meet a contract but the tax debt was a proving to be a hindrance in obtaining any kind of mainstream funding. CEG was able to provide funding for both the truck and to extinguish the tax debt.      


$50,000 Cash flow Finance- CEG was recently able to provide financial assistance for a sole trader, experiencing some cash flow issues as his clients were slow paying his invoices. In this instance no property security was available but we do not consider this to be an impediment. We assisted with a sale & buy back transaction providing the applicant funding through this difficult period. 
 

         
Positive credit reporting will impact your ability to get a loan.

HAVING a squeaky-clean credit history is about to put consumers in the driver’s seat and deliver them better deals.

 

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                  CEG Equipment Finance

The range of equipment finance that CEG can provide assistance for is expansive  

  • Excavation / Civil Earthmoving
  • Trucks / Trailers – Heavy Transport
  • Cranes
  • Machinery
  • Concrete Pumps
  • Agricultural Machinery
  • Boats
  • Aircraft
  • Industrial Equipment
  • Specialised Equipment 

 

                         
 

Financial outlook brighter for businesses as insolvencies fall  

A rebound in Australia’s overall economic performance has been reflected in the fall in insolvencies experienced in the December 2016 quarter.

According to the latest figures from the Australian Securities and Investment Commission (ASIC), the number of companies entering external administration (EXAD) in the December quarter 2016 fell a significant 27.3 per cent year-on-year.

Instances of insolvency also fell by 16 per cent in December 2016, compared to the same month the previous year.

The fall in insolvencies occurred in step with a rebound in GDP – another sign that the economy is in an improving position.

 

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 Call CEG to discuss our finance    solutions 1800 234 346
     
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