ATO tax debt changes 2025: How they’ll affect your business
Having a commercial tax debt as a business owner isn’t uncommon. According to the Commissioner of Taxation at the ATO, Rob Heferen, small business tax debts made up around 65% of all debt owed to the ATO, as of April 2024. This places them at well over $30 billion in the red. However, the way […]
Instant asset write-off 2025: How your business can save on tax
With up to $20,000 to play with, the instant asset write-off is there to help a wide range of businesses. Whether you’re a family catering operation looking for a commercial oven or a construction firm in the market for some new equipment, writing off eligible assets frees up more cash for your business at the […]
Novated Lease Pros and Cons
Novated leasing is a unique way of financing your new or used car which can provide a wide range of benefits. However, before you sign on the dotted line, it’s important to understand the pros and cons of a novated lease to help you determine whether it’s worth it for you. Learn all about the […]
One in Four With Current Car Loans Gained a Deferral During COVID-19
A survey of 1,001 respondents commissioned by Savvy was split right down the middle among Male and Female demographics and almost evenly among all major age groups (18-24, 25-34, 35-44, 45-54, 55-64, 65+) showed that about 20.3% had bought a new car during the COVID-19 pandemic. 53.3% happy with current vehicle, saw no reason to […]
Where Are New Car Sales Headed? A Look at the Stats
There are almost as many cars as there are people in Australia. According to the Australian Bureau of Statistics, there are 20.1 million registered motor vehicles – that’s almost one per person of driving age. Over 2020, the national fleet grew by 1.7%. It would seem our appetite for new cars remains steady, despite lockdowns, […]
How Long Does Car Finance Approval Take?
Car loans take about one to two days on average to process before formal finance approval, which can occur as soon as within 48 hours. This can be influenced by a few factors, such as your credit history, providing enough documentation promptly, verifying your identity and your details of citizenship or permanent residency. Some lenders […]
