EOFY 2019: BAS payments due, bills and more bills
As the end of this financial year is almost here, it shouldn’t be a surprise that your BAS statement is due again this 28 July. If you are a business registered for GST, you need to send your business activity statement (BAS) to the Australian Tax Office (ATO). You BAS helps you report GST, pay as you go (PAYG) instalments and other taxes.
ATO payments may become a stress point for your business, but there are simpler and better options other than the ‘Banks’ for helping you meet your ATO commitments. Traditionally, big banks won’t help or lend to small business especially if you have an ATO debt hanging over you.
At BCashflow Positive we specialise in assisting small businesses meet and manage cash flow needs like operating costs and ATO debt. Contacting us may make all the difference to your business cash flow by giving you access to your own funds currently locked up in your unpaid invoices/receivables.
Is Debtor Finance the same as a bank loan?
Debtor Finance is definitely a far cry for the traditional complex and over secured big bank business loan. The paperwork associated with Debtor Finance is simple and it won’t take weeks or months to get an answer.
The amount of cash you can access depends on your current receivables/unpaid invoice ledger, and not what a “back office” big bank credit manager may think they should give you.
Unlike the traditional big bank loans, BCashflow Positive does not take your personal assets and homes as security. You will be able to speak with the person that manages your account and is able to make decisions. The service level we provide will be a pleasant surprise.
Who benefits from Debtor Finance?
If you have outstanding invoices, Debtor Finance may be the answer you have been searching for.
At BCashflow Positive we are happy to look at all industry types so your business may be more than suitable. Some of the industries we have assisted include; Transport & Logistic, IT & Business Services, Earthmoving & Mining, Recruitment & Labour Hire, Manufacturing & Wholesale to name a few.
What are some of the many benefits of Debtor Finance?
The application and approval process is much faster than a bank loan. Instead of waiting weeks or possibly months for bank approval or your customer to pay, your business can access capital in as little as 4 hours once a facility is in place with BCashflow Positive.
Debtor Finance is a flexible alternative to finance business growth. It can cover the gap of slow payments and allows a business to get on top of ATO obligations. Businesses may also have the opportunity to take advantage of any supplier early payment discounts.
How does Debtor Finance work?
At BCashflow Positive you can turn your invoices into cash in three simple steps:
1.Invoice your clients for sales of goods or services.
2.Up to 90% of the invoice value is credited to you in as quick as 4 hours.
3.Receive the remainder less any accrued fees when your customer pays us.
Access funds from a leading Debtor Financing business
BCashflow Positive can work with small businesses experiencing tax difficulties. We can help your business access funding through your outstanding invoices. So take advantage of a debt factoring facility today by calling us on 1300 937 292 or complete our simple and quick contact form.