New year, new beginning. Never has that maxim been more appropriate than right now, as we look forward to a better year on all fronts in 2021. So, it’s time to take care of your business and pave the way to a brighter future. There’s no better way to take care of your business than […]
Author Archive for: pacfin
This author has yet to write their bio.Meanwhile lets just say that we are proud pacfin contributed a whooping 76 entries.
Entries by pacfin
Economy The state’s response to COVID-19 has positioned the WA economy to rebound faster and stronger than anticipated. The Government’s WA Recovery Plan of more than $5.5 billion has played a major role in assisting businesses during the pandemic. WA was the only state to experience growth during the last year (increase of 1.1 per […]
The latest extension to the instant asset write-off (IAWO) tax concession continues the good news for SMEs. Details of the IAWO concession In effect, there are now two overlapping asset write-off schemes in place – IAWO scheme and ‘temporary full expensing’ scheme. Small and medium businesses qualify for both. The total cost of new assets […]
The federal budget delivered on 6 October 2020 will help put SMEs back where they belong. This is at the forefront of economic recovery as we continue to stand firm in the face of the COVID-19 pandemic. Here are the details: Instant asset write-off (IAWO) extended The existing concession, to write off 100% of new […]
Monetary Policy Following its November meeting, the RBA announced further rate cut support for the economy. In particular: The cash rate was cut from 0.25% to 0.1% The 3-year Australian Government bond target was also reduced to 0.1%, as was the lending rate charged to banks (the so-called Term Funding Facility) These changes were widely […]
Managing Your Cashflow Every business owner understands that cashflow is the lifeblood of their business. It is the thing that keeps business owners up at night. Being able to juggle the cost of paying employees, rent and suppliers can be challenging. Not having enough money in the business account each day to cover all these […]
Performance Mining – Client Story Performance Mining was originally introduced to Pacific Finance Australia by an existing client and a mutual Accountant back in 2017. Tim Edwards, Director of Pacific Finance, has helped Performance Mining secure finance for around 20 pieces of equipment including light vehicles, service trucks and water trucks. Performance Mining (PM) was […]
On Tuesday, 6 October 2020 further changes were made to the Instant Asset Write Off (IAWO) Scheme. These changes make it easier for Australian businesses to write-off the full value of assets purchased without any limitations on the value of the asset. What you need to know about the new IAWO Scheme The original $150,000 […]
What is the Instant Asset Write Off (IAWO)? The IAWO is a once-off tax deduction that businesses can claim for the purchase of business-related assets Businesses can claim a 100% deduction for eligible assets. The asset is eligible even when it has been acquired under finance The current threshold is $150,000 for each asset. This […]
Recent developments in Australia – and even New Zealand – have demonstrated that COVID-19 is going to be with us for quite a while yet. The businesses who survive, and come out the other end ready to accelerate, will do so because they were financially sustainable. But just how do you achieve financial sustainability? Let’s […]
Terms and Conditions
Whilst Pacific Finance Australia does take reasonable care in creating the information on this website, this website and its contents may contain errors, faults and inaccuracies, and may not be complete or current.
Home loan calculators are intended as a guide only based upon the examples given. To find out your repayments please speak to one of our accredited mortgage brokers.
The repayment amounts and total interest calculations are estimates that assume that interest rates do not change over the term of the loan and exclude any fees and charges that may be charged to your loan, for example, upfront establishment fee, monthly loan service fee and/or Lenders Mortgage Insurance which, if they apply, will add to the cost of loan. Other fees and charges also apply.
Interest rates and repayment amounts are subject to change. Applications for a home loan are subject to the lenders approval and satisfactory security conditions.
Full terms and conditions can be obtained from Pacific Finance Australia.
IFBA PTY LTD T/A PACIFIC FINANCE AUSTRALIA
ABN: 60 108 622 644
Australian Credit Licence Number 391682
Level 2, 1109 Hay Street West Perth WA 6005
PO Box 1113 West Perth WA 6872
Tel: 08 9321 2120
Fax: 08 9481 1635