Even highly profitable businesses can have debt on their books, and this can support operations and growth as long as it’s kept to a manageable level. Unlike equity financing, debt lets you maintain full ownership and control, and it can give businesses a tax benefit - as both principal and interest can sometimes be deducted [...]
Running a business can be an exciting way to pursue your vision, but it’s also one of the hardest vocations, with a high rate of failure over time. Whether you’re a business owner, company director or financial manager, you might be directly responsible for keeping your business out of financial trouble. So, what are the [...]
Even though you would obviously love absolute control of everything as a business owner, uncertainty is unfortunately a fact of life. Operating a business – where you’re moving at a fast pace in a competitive, ever-changing environment – can mean even more uncertainty, especially financial uncertainty. So, what exactly is financial uncertainty and why is [...]
Creditors have waived through debt restructuring deals for two of music-streaming service Guvera’s subsidiaries. A hit for taxpayers even as the Gold Coast-based parent awaits a research and development grant. Guvera placed subsidiaries Guvera Australia and Guv Services into administration in June. The company is owing almost $18 million to creditors including Tennis Australia, the Victoria Racing [...]
