by Michael Coombes | Apr 19, 2022 | Home Finance
For many Australian seniors, maintaining a healthy cash flow can be a major worry when most of your money is tied up in assets, such as property. Superannuation and aged pensions are not always enough for our retirees to live comfortably and with confidence in their...
by Michael Coombes | Mar 11, 2022 | Buying a Business
Buying a business can be a great way to secure an established revenue stream while skipping the turbulence that comes with launching from scratch. While buying a business can fast-track your way to becoming your own boss, it’s essential to remember the purchase...
by Michael Coombes | Jan 31, 2022 | Business Finance
With the State Government’s recent announcement that the long-awaited February 5th border reopening will not proceed, Western Australians continue the anxious wait for a return to normalcy. Although Covid-19 cases have been kept low and the state’s economy remained...
by Michael Coombes | Dec 7, 2021 | Business Finance
Open banking started in mid-2020, requiring major Australian banks to make your data available to you upon request. Despite plenty to gain from open banking, including a lessening of paperwork and greater transparency, there are traps for the unwary, given lenders...
by Michael Coombes | Oct 28, 2021 | Business Finance
In August, the ATO began issuing warning letters to businesses with tax debts of more than $100,000, with a warning that if efforts were not made to manage the debt, the ATO intended to disclose their tax debt information to credit rating agencies. Certain...
by Michael Coombes | Oct 7, 2021 | Business Finance
Just this week, the banks regulator (APRA) announced that Approved Deposit-taking Institutions (ADI’s), being the banks, credit unions and building societies, are to adopt a minimum 3% p.a. buffer rate when assessing a borrower’s capacity to service a loan. Non...
by Paul Rowe | Oct 6, 2021 | Business Finance, Pharmacy
At a time when Perth and WA community pharmacies are navigating a path out of COVID-19 and beyond, I was excited to have been a guest presenter and a part of The Pharmacy WA Forum for 2021. The forum remains the leading event in the WA community pharmacy calendar and...
by Michael Coombes | Jun 22, 2021 | Business Finance
With fixed interest rates beginning to rise, now is the time to consider options on how your debt is structured, business and home. Whilst many in the finance industry will recommend assessing your debt reduction strategy every 5 years, we suggest doing so every 3...
by Paul Rowe | Jun 8, 2021 | Business Finance, Pharmacy
With Pharmaceutical Benefits Scheme (PBS) price disclosure biting into margins, there has never been a better time to review your current lending requirements, particularly as interest rates are at historical lows. Banking has never been so competitive, financiers are...
by Michael Coombes | May 14, 2021 | Strata
The Strata Titles Act 1985, also known as the strata reforms, came into effect in May 2020 and these were welcomed for bringing strata communities ‘into the 21st century’. These reforms have effectively introduced better buyer information, more efficient dispute...
