Starting a new business: Finance Part 1

Clear Vision • March 29, 2016

Securing finance can be the one major impediment to many people starting their dream business. It’s especially tough borrowing for a new business because providing proof that you can repay the loan may be hard. But there are things you can do to ensure you get as favourable a reception from the bank as possible.
Prepare your plan
In a future edition we’ll provide some tips on preparing a business plan that will help you can finance. But for now you should know that a well thought out, researched and professional business plan will be a big influencer for a financier. Especially when it comes to the facts and figures in the plan. Expected profit, expenditure, set up costs are all critical and the sort of detail Clear Vision can help you prepare.
Understand how finance works
Do you need the money in a lump sum upfront or over time? How much can you afford to borrow and repay? Will your debt fluctuate up and down or simply be paid down gradually over time? What assets or non-business equity do you have to secure your borrowings? What type of business accounts will you require in conjunction with the borrowings?
Next week we’ll discuss other tips for securing finance.

How Much Do You Need to Make? Understanding Business Turnover

By Caroline Gillies • July 13, 2025
Running a business isn’t just about making sales — it’s about making enough sales to cover your costs and pay yourself what you deserve. But how do you figure out how much turnover (aka revenue) you actually need to make each month? Knowing this number helps you: Set realistic sales targets Price your products or services properly Know when to cut costs or increase margins Understand when your business is sustainable This isn’t just about numbers — it’s about clarity and control. Once you know your required turnover, you can stop guessing and start planning. Whether you’re a solopreneur, a growing startup, or a small business owner, this is the foundation of making your business work for you — not the other way around. We love numbers — seriously. And we get that not everyone does. If you need help breaking things down in a way that’s simple, practical, and actually makes sense (even if numbers aren’t your thing), call Clear Vision Accountancy Group today on 4688 2500.

12% Superannuation Guarantee - 1 July 2025

By Caroline Gillies • June 22, 2025
From 1 July 2025, the Superannuation Guarantee (SG) rate in Australia will increase to 12%. This means employers will be legally required to contribute at least 12% of an eligible employee's ordinary time earnings to their superannuation fund. This increase is the final step in a legislated rise from 9.5% in 2021 to 12% by 2025, aimed at boosting retirement savings for Australian workers. If you use Xero for payroll, the SG rate should automatically update in the system. However, we recommend you double-check your payroll settings to ensure everything is correct. If you’re unsure or need assistance, please contact your bookkeeper or get in touch with us at: Clear Vision Accountancy Group (07) 4688 2500 We’re here to help you stay compliant and avoid any costly errors.

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
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