Small Business News - Website Updates - Small Business Finance
02 June 2009 - RBA Rate Decision - Interest Rates Unchanged
Today the RBA has again left interest rates unchanged. The RBA has taken note of the recent gains in the share market and other positive signs from the economy and remains poised to take further action if required should the economy deteriorate.
Australia has also technically avoided a recession, posting a 0.4% increase in GDP for the March quarter. This result ranks #1 out of all western industrialised economies, highlighting the strenth of Australia's financial system, and broader economy overall. Whilst unempoyment is still on the increase, Australia remains very well positioned to ride out the financial downturn.
23 May 2009 - Website Update - Information Articles Section
WiseLion is pleased to announce our visitors can now find the "Big Four vs Other Lenders" article in the Information Articles Section. Another informative article to provide an insight into the benefits and disadvantages in choosing one of Australia's "Big Four" banks for business credit as opposed to the many, varied, non bank lenders in the market.
12 May 2009 - Make that a 50% Government Rebate!
More positive small business news!
Treasurer Wayne Swan handed down the budget this evening and one of the standout points to mention is this - the rebate on new vehicles and equipment purchased before June 30 has been increased to a massive 50%! This represents an enormous saving and WiseLion suggest all businesses attempt to make the most of the offer.
09 May 2009 - 30% Government rebate on new equipment!
To support the car industry, small business finance and the economy in general, the Australian Government is currently offering a 30% tax rebate to any business purchasing new motor vehicles or equipment. If the item purchased is brand new and over $1500.00 in value the business is entitled to a tax rebate of 30% of the cost of the item, if purchased before the end of this financial year (30 June 2009.)
Furthermore, items purchased after this date are still eligible for a 10% rebate. So now is a better time than ever to take the plunge for that new / replacement vehicle or upgrade the ageing equipment.
Please see your tax adviser for more information on eligibility for the rebate scheme.
05 May 2009 - RBA Leaves Interest Rates Unchanged
Today the RBA has left interest rates unchanged, much to the expectation of many economists.
This still leaves the official interest rate of 3.00% at the lowest level in almost 50 years. The outlook is positive.
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