How increasing cash rates are impacting business owners

With Westpac recently increasing their interest rate independent of the RBA whose rates have remained unchanged it is likely that some business owners may be feeling the strain. In this episode of Accountants Daily Insider host Katarina Taurian is joined by Momentum Media's Alex Whitlock who unpacks which businesses in his opinion should be concerned about rate rises and how he and his business partner have managed to keep their business debt free - at times even having to pay employee salaries out of their own pockets. Alex will share how their accountant has been pivotal in shaping and developing their business since its conception and discuss the pain points that they have faced along the way.