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About us

Peter Radford Accountant and Tax Agent is a family owned and operated business with a commitment to excellence in customer service. Established in the local Morayfield area in 2001, we have enjoyed significant growth due to our focus on consistent and quality service.

Our firm has also continued to evolve and adapt to ensure our personalised and friendly service continues to meet the unique needs of our clients, helping them to make informed and educated financial decisions while removing the stress that can often come with these decisions.

Reliability, accuracy and our commitment to providing excellent services is how we help our clients, both business and individuals alike, put their best foot forward on their financial journey.

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Short-term vs long-term financing

Posted on August 18, 2019 by admin

Maintaining healthy cash flow can be challenging; between ongoing expenses and bills, poor cash flow can severely impact your customers, staff and bottom line. Business owners need to understand the differences between short and long-term financing when developing a cash flow strategy.

There are various sources of financing available, with each being useful for different situations. Choosing the right source and mix is key for good cash flow, with financing options often being classified into two categories based on time period: short-term and long-term. To find the right plan for you, determine your needs and then match a financing option to meet those needs.

Short-term financing:
Short term financing, or working capital financing, looks at needs that arise in relation to financing current assets – for a period of less than one year. Working capital is the funds that are used in the day-to-day trading operations of a business. Short-term financing can help you to pay suppliers, increase inventory and cover expenses when you do not have sufficient cash on hand.

Long-term financing:
Long-term financing options can help you invest in overall improvements to your business, for a period of more than 5 years. Capital expenditures, such as upgrading equipment, buying additional vehicles and renovating are funded using long-term sources of finance.

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