Written by Paul Tweedie on 10 March 2022.
Secured Loan Agreements are exactly that, Loan Agreements that are secured against either the assets of a business or directly to the item being financed. These loans are particularly useful for Investors making an investment into a business to increase cashflow or for the purchase of additional capital equipment, or additionally used by a business owner injecting finances into their own business for similar purposes.
The unique aspect of using a Secured Loan Agreement is that the loans are fully secured providing the Investor or Business Owner with the same protection as the banks should there be a future financial issue.
Written by Super User on 27 February 2022.
Today we are going to look at how Terms and Conditions can protect your Business and its Cashflow from the effects of the Recent Legislation Changes that will more than likely cost your business 10s if not 100’s of thousands of dollars. It becomes a real issue when 1 or more of your clients find themselves in the unfortunate position of not being able to meet their financial obligations.
To get an easy understanding of how you can legally protect your business and its cash flow we need to look at an industry that already does this well, the most obvious of course, being the banks.
Written by Paul Tweedie on 14 February 2022.
Today we are going to discuss the 3 easy steps you can implement to save your business the expense, time and aggravation of having to continually chase up your outstanding accounts. Essentially Debt Collection Made Easy. The key points we are going to discuss today,
Written by Super User on 30 January 2022.
So today we are going to discuss,
Written by Super User on 14 January 2022.
Today we are going to discuss how use the PPSA and Personal Property Securities Register to save your business 10’s if not 100’s of thousands of dollars when one or more of your clients goes into administration or files for liquidation.
It is without a doubt the biggest change in legislation in the last 25 years that very few business owners are aware but has the potential to cost you everything.
I’m not exaggerating when I say, the next few minutes could be the difference between the success and failure of many businesses in Australia. Every business owner needs to know this information.
Written by Paul Tweedie on 14 December 2021.
Recent changes in legislation negate the asset protection traditionally associated with your Business or Family Trust. In essence, if you’re using a trust at the moment to protect your business assets and you haven’t updated your structure, those assets are more than likely no longer protected. So today we are going to discuss,
Written by Paul Tweedie on 29 November 2021.
Independent Contractor Agreements are designed to combat changes in legislation made by the ATO, which now requires certain Industries that use Independent Contractors to have formal agreements in place to avoid the potential liability, and of course the 10’s if not 100’s of thousands of dollars that go along with that liability.
Written by Super User on 14 November 2021.
Subcontractor Agreements designed to combat changes in legislation made by the ATO, which now requires certain Industries that use Subcontractors to have formal agreements in place to avoid potential liability, and of course the 10’s if not 100’s of thousands of dollars that go along with that liability.
Written by Paul Tweedie on 29 October 2021.
Due to recent changes in legislation Continuous Line of Credit, or Revolving Line of Credit Loan Agreements have become the centrepiece for protecting business owners and directors against huge potential liability when using their personal credit cards for business expenses. These changes in legislation centre around the introduction of the PPSA OR Personal Property Securities Act and its register PPSR or Personal Property Securities Register.
So, today we are going to discuss.
Written by Paul Tweedie on 14 October 2021.
A Vendor Finance Loan Agreement allows the Vendor or Seller of slow or overstocked items the option of being able to make extra sales from their existing stock whilst using that stock to secure their loan agreement with their clients. It’s a Win-Win situation for all parties involved.
Written by Super User on 29 September 2021.
Today we are going to discuss one of our Loan Agreements, in particular, our Person to Person Loan Agreements.
Now our Person-to-Person Loan Agreement is exactly that, it's a loan agreement between individuals where one individual provides a loan to another individual.
These Loan Agreements are generally simple loan agreements between family members in Australia or for that matter anywhere in the world. It doesn't really require a security interest to be registered on the PPSR or Personal Property Securities Register because quite often it is for a smaller amount and is quite often a simple loan agreement between friends or a loan agreement between family members. If the required loan is for a larger amount, then it is generally going to be more of an investment loan or financing agreement which would be better suited to one of our other Loan Agreements.
This particular Loan Agreement is just a Person-to-Person Loan Agreement or a simple loan agreement between family members or friends where you want to have something in place just to formalise the loan agreement and possibly, build in a direct debit facility for loan repayments, and possibly build in some consequences in case there is a default in the Loan Agreement.
Written by Paul Tweedie on 14 September 2021.
Div 7A Loan Agreements are now being put under the Microscope by the Australian Taxation Office in an effort to identify potential Tax avoidance by company directors and shareholders. It is more important than ever to ensure business owners and directors have a formal agreement in place to negate potential tax liabilities. Div 7A Loan Agreement is called a Div 7A Loan Agreement as it relates to Division 7A of Part lll of the Income Assessment Act 1936. Division 7A of Part lll of the Income Assessment Act 1936, in particular Division 7A of the Corporations Act, allows for a business to loan money to the directors, shareholders, or associates of shareholders. These loans are used for a number of reasons and are usually implemented in conjunction with the accountant of a business rather than the director themselves due to the potential taxation liabilities. The reason we have released these Div 7A Loan Agreements is basically just to formalise them.
With over 35 years’ experience Collection Consultancy Australia prides itself in offering Products and Services designed to Protect Business Assets and Cashflow. Quite often the process can start from simply making business owners aware that there is option available, through to business specific solutions and education. We are here to let business owners know that there can be a better way to secure their financial future.
PO Box 7160,East Brisbane QLD 4169.
Phone: 1300 565 988