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Archive for White Alpaca Finance
Self Employed? No Tax Return, No Financials, No Bank Statements Needed, Just one document needed, The Accountant Letter
Small Business Income Tax Offset Explained: Who Qualifies and How Much You Can Claim
The small business income tax offset is a tax discount of up to $1,000 a year for eligible sole traders and individuals with a share of small business income. It is 16% of the tax on your net small business income, capped at $1,000 per person. You qualify if your aggregated turnover is under $5 […]
GST Made Simple: What Is It and Why Does It Matter?
GST (goods and services tax) is a 10% tax on most goods and services sold or used in Australia. The customer ultimately pays it, but registered businesses collect it, claim back the GST on their own purchases and send the difference to the ATO on their BAS. Registration is compulsory once your GST turnover reaches […]
What Are Low Doc Business Loans? A Small Business Guide
Low doc business loans are business finance products that need less paperwork than a traditional bank loan. Instead of full financial statements and tax returns, lenders accept alternative evidence such as BAS statements, business bank statements, an accountant’s letter and a signed income declaration. They suit self-employed owners, newer businesses and those with irregular income, […]
GST Made Simple: What Is It and Why Does It Matter?
GST (Goods and Services Tax) is a 10% tax added to most goods and services sold or consumed in Australia. Registered businesses collect GST on sales, claim credits on business purchases and report the difference to the ATO through their BAS. You must register once your GST turnover reaches $75,000 ($150,000 for non-profits), or from […]
ABN Explained: What Is It and Who Needs One?
An ABN (Australian Business Number) is a free, unique 11-digit number that identifies your business to the government, customers and suppliers. You can apply through the Australian Business Register (ABR) if you are carrying on a business or enterprise in Australia. You need one to register for GST, invoice clients cleanly and avoid tax being […]
What is the Best Option for a Car Loan?
When it comes to buying a new or used car in Australia, one of the first questions many Aussies ask themselves is: “What is the best option for a car loan?” With dozens of lenders, loan types, interest rates, and terms to compare, it can quickly become overwhelming. Whether you’re a first-time car buyer, upgrading […]
What is Private Lending?
When it comes to financing a home, funding a business, or securing a loan quickly, many Australians automatically think of banks or credit unions. However, there’s a growing alternative that offers flexibility, speed, and personalisation: private lending. But what is private lending, and why are more people turning to it in Australia? In this comprehensive […]
Tax Benefits of Car Loan in Australia
Taking out a car loan is a common way Australians finance their vehicles. Whether it’s for personal use, business, or a bit of both, a car loan can help you get behind the wheel sooner. But did you know that if you use your car for work or business purposes, you may be eligible for […]
How to Buy a Car in Today’s Market?
Buying a car is an exciting corner, but in today’s market, it can also be a frustrating process. The Australia car market has been heavily impacted by the effects of the COVID-19 epidemic, leading to low stock and skyrocketing prices, especially for used vehicles. According to a recent Car sales report, prices for popular car […]
How Long Does It Take to Get a Home Loan Approval?
The time needed for home loan approval varies based on individual circumstances, the lender, and the loan type. In a straightforward scenario where all necessary documents are prepared in advance, approval can take as little as 3 to 5 business days. However, more complex applications may take significantly longer. Home Loan Approval Process & Timeframes […]
