Financial Management

5 ways to improve your business cash flow

We all know that cash is King. No matter how great your business model is, or how profitable your business is, it won’t survive if you can’t manage your company’s cash flow. Simply put, poor cash flow equates to not enough cash coming in the door and too much cash going out the door. Businesses [..]

Novated Leasing: Frequently Asked Questions

Novated leasing has been booming in popularity. A three-way salary sacrificing arrangement, novated leases enable employees to get a new car as well as considerable tax savings, and they provide employers with a tax-efficient way to reward their team, increase salaries or to simply attract and retain the best talent. Novated leasing is one of [..]

How To Refinance Your ATO Debt And Why It Matters More Than Ever

Earlier this year the Federal Government announced its plans to enable the ATO to disclose small business tax debt information to credit reporting agencies. These rules commenced on July 1st and it could have far reaching consequences for your business. The measures will initially apply to businesses with Australian Business Numbers and tax debts of [..]

To fix or not to fix? That is the question… Or is there another way?

“Mortgage”. It’s origins are Latin and literally mean a “death pledge”. It can certainly feel like that sometimes. So how can you beat the market and stay ahead of the game? The Reserve Bank of Australia has maintained its current stance by keeping the official cash rate on hold at 1.50% for eleven months now [..]

Common Mistake #7 – Cashflow, the lifeblood of business.

If cashflow is not monitored, planned, and predicted, the business could be bleeding. Cashflow Do you have up-to-date visibility of cashflow? The sales top-line or even the profit bottom-line don’t equate to cashflow. Timing differences can make a critical difference. Do you get daily reports? Do you do rolling cash-flow projections for the next three [..]

Common Mistake #5 – Battling BAS

Is the dread of BAS time a recurring nightmare for you? Dreading the deadlines? The penalties for missing deadlines for Business Activity Statement (BAS) and PAYG lodgments can be painful. Are invoices valid? Are you checking that you only claim on GST on valid tax invoices? Missing out on input credits? Do you risk claiming [..]