THERE’S no single piece of financial advice that fits everyone.
Some people need help getting a loan, others need guidance starting a business and some just want to get the most out of their tax return.
There is a choice of professionals in Canberra dedicated to getting the best financial outcome for the individual. Here are some of the best…
Jane helps people run smart businesses
HADRILL Accounting’s director Jane Hadrill wants to help people get smart about running their small business in her four-session course at CIT Bruce titled “Get Smarter about Running your Small Business”.
The course covers how small businesses fit within the Australian tax system framework, how they can maximise tax deductions, how to interpret financial statements, and how to create and utilise a budget. It also goes over monthly reporting and cash flow management.
Jane loves teaching her students how to run their business and says seeing students grow with their businesses is the biggest reward.
“I love watching small businesses have an ‘aha’ moment about their financial statements, and then make better decisions based on that information,” she says.
Jane says many businesses have been with Hadrill Accounting for more than 10 years, which means the team is able to take into account all aspects of their clients’ lives.
“[We] frequently see small businesses grow from being just an idea to an integral part of the Canberra community,” she says.
Jane and her staff also enjoy working with a wide range of businesses.
“On a daily basis I might be dealing with a sole-trader dentist, a mechanic with 20 staff or a graphic designer,” she says.
“It is connecting with the individuals that makes it so satisfying.”
Hadrill Accounting, 3/6 Dacre Street, Mitchell. Call 6154 7792 or visit hadrillaccounting.com.au
Working finance for any working equipment
WITH all the end of financial year sales, Oatram Finance and Leasing director Andrew Barmin says now’s the best time to get working finance for any working equipment.
“Lots of dealers have end-of-financial-year sales and having pre-approved finance enables you to be able to negotiate strongly on the best deal,” he says.
Whether it’s new or used, from a private sale or a dealer, the family-run business can help.
For about 35 years, Oatram Finance and Leasing has been specialist brokers in finance and leasing for working equipment such as trucks, earth-moving equipment, forestry equipment and recycling equipment.
“We help everyone get excellent rates, from large well-known companies to individuals,” Andrew says.
“We have a wide variety of lenders where we’re able to obtain finance from.
“We’re able to do older equipment as well as new and know how to handle private sales.”
But it doesn’t stop there according to Andrew, who says they can find gear for people short on time, too.
As Oatram Finance and Leasing is independent, Andrew says they’re able to give their clients options.
“They can negotiate a better price with pre-approved funds or we can negotiate rates on their behalf,” he says.
“We offer finance on second-hand vehicles over 10 years old and, say you want an engine rebuild on a truck, we will have a lender who can handle that.”
And, Andrew says it all comes with an excellent service from people such as himself and his dad, who are happy to travel to clients at a time that suits them.
Gail helps business navigate change
WITH an election nearing, the team at Gail Freeman & Co is on hand to help businesses navigate through whatever changes arise.
“There are changes afoot, and the election outcome will confirm what these changes are,” says director Gail Freeman.
“It’ll be a time where people will need help with their business, help with their superannuation and help with their taxes.
“People don’t like change, but we’ll have all the information, know what it all means and how it’ll impact businesses and their cash flow.”
But regardless of the election, and with less than two months until the end of the financial year on June 30, Gail says now is the time for businesses to act.
“People need to make decisions of their superannuation, their profitability, their budget for next year, they need to review how much tax they might have to pay, and at the same time, find more time to run their business,” she says.
“We endeavour to make sure we know all the latest tax changes and we can minimise the possibility of our clients being audited.
“On the business end, we have processes that can lead businesses to improve their profitability, reduce their waste and generally run a better business.”
Buy property now before it’s too late
NOW is the time to buy property in a self-managed super fund (SMSF), says Wholistic Financial Solutions’ founder Catherine Smith.
“[But] your time may be about to run out,” she says.
Catherine says both Labor and Liberal governments are looking to remove the ability for people with a SMSF to borrow to buy a property.
“Their reasoning for this is vague but it is still a very possible outcome of the upcoming Budget or after the election,” Catherine says.
“My suggestion for anyone who is thinking about buying a property in an SMSF would be to do it now before it’s too late.”
Catherine says buying property in an SMSF has great advantages such as investing in bricks and mortar, using gearing to maximise return, diversifying superannuation investments into the property market and reducing the chance of losing a lot of superannuation if the share market crashes.
“At Wholistic Financial Solutions we can help you through all stages of buying a property in an SMSF including setting up the SMSF, arranging the borrowing and even helping find you the investment property,” she says.
For a free meet and greet to discuss this further, Catherine says give the office a ring and ask for an appointment.
Wholistic Financial Solutions, Level 1, 83-101 Lysaght Street, Mitchell. Call 6162 4546 or visit wfcanberra.com.au