Cashflow
When you go into business, you’re also taking on a certain level of risk – and none more so than when you extend credit to new customers. In an uncertain economic climate, small business owners are acutely aware that each day they are waiting for their invoices to get paid is another day money isn’t coming through the door.
To optimise cashflow management for small business, it is imperative that Goods and Services Tax (GST) registration suits the business operations. This step-by-step guide will help you understand how to take GST reporting from cash to accruals basis.
They say there aren’t too many benefits of ageing, but a scheme called the Transition to Retirement Pension allows for bit of nifty restructuring that can reduce wages and increase cashflow – two benefits not to be sniffed at.
Claiming car expenses can be minefield for some business owners, as deduction methods vary depending on your work situation. This simple two-part method will help you decode whether you can claim vehicle expenses, and which methods will help you achieve the best deduction.
It’s an unfortunate fact that many otherwise promising businesses fail in the early stages due to cashflow problems. When it comes down to it, cashflow is mainly about people and systems – get those two elements right, and your business could be on track for a much smoother ride.
It’s not that unusual to be owed money by another business. But if that company no longer has any money to pay you, or anyone else, back, what can you do? Follow this expert advice to recoup debts owed to you.
You might see printing as just a simple business process, not one worth spending a huge amount of time on. But if you consider how often a printer is used and how reliant your employees are on printing, you’ll quickly realise with this simple process, often comes with a hefty price tag.
Remember the changes announced in the Federal Budget in May? No? Well the beginning of the new financial year means that many of these measures have now commenced. Use this list of changes to ensure you’re compliant.
Since the GFC, foreign exchange (FX) markets have seen an increase in both spot and forward transactions, reflecting an increase in market volatility. SMBs can protect themselves from this volatility by following a few simple rules.
Difficult economic conditions are creating cashflow challenges for businesses that limit growth. Use this 10-point checklist to review your strategies for growth for the new financial year.
In a bid to improve cashflow, the Federal Government will now pay interest due to SMBs as a result of outstanding payments, as part of its efforts to encourage government agencies to pay invoices on time.
More SMBs are looking to secure their cashflow and funding thanks to the tightening credit market, with a report finding a staggering surge in credit insurance claims during May.
For businesses, the new financial year can be the natural time to review services, service providers and systems and processes. We asked a variety of experts for their advice for making the right switch in the 2012/13 financial year.
The laws around how credit cards work have changed. As of 1 July, amendments were made to an important bill – welcome changes for small business owners who are struggling to keep on top of their credit card debt. Here’s a look at what they will mean for your cashflow.
A third of small business owners are still keeping their receipts in a shoebox, according to a new survey. If this sounds familiar, these time-saving tips will help you get ahead in the next financial year.
Fuel, maintenance, servicing and vehicle purchases are all the big ticket items in fleet management. But what about the smaller, more niche areas? What about the additional costs and time that is taken up by e-Tag management or driver training? Here’s how to forecast for these costs.
Private health insurance – to prepay or not prepay? This seems to be the question of the week, and although it appears more of a personal finance issue, your decision could impact the funds you have available for re-investing into your business.
The word “budget” can evoke a range of different feelings: dread and disappointment or pride, a sense of direction and achievement. However you might feel about them, the truth of the matter is budgets are a highly underrated business tool.
With only a week and a half to go, time’s running out to get your year-end actions in order. If you’re unsure whether you’ve missed any EOFY opportunities, here are 110 ideas to help you ensure you’ve got all bases covered.
Working for yourself means not only do you need to market your products and services and bring in new business, but you also need to manage your own financial accounts. You have to keep on top of the money coming in and out if you want to survive the first year in business. These five tips will help.
