Even profitable businesses go bust as a result of cashflow issues, tax debts or other unexpected circumstances – making it vital business owners know the basics of corporate insolvency, so they can protect themselves should anything go wrong.
Australia’s small businesses are being placed under increasing pressure as a result of deteriorating global economic conditions and a continued lack of funding. But there are things you can do to help yourself.
Local small business insolvencies hit a record high in February, with the number of companies entering external administration reaching their highest level since 1999.
Seeking finance can be a daunting task, even for the most confident business owner. With careful planning and a clear view of what the banks are looking for, however, the burden of obtaining finance can be greatly reduced.
A large part of business efficiency is ensuring that any expense incurred is spent in the best way possible to progress the business. The idea of cutting expenses endlessly may well not prove the best way forward – instead, expenses should be carefully monitored at all times.
The issue of Personal Service Income (PSI) will continue to be a major focus of ATO compliance activities in 2012. Here’s what you need to know.
OzForex has launched a new prepaid travel card allowing business travellers to manage nine currencies wholly online, removing the need to visit a bank branch.
You might think life as one of Sydney’s top interior designers would be all glamour and tantrums. Not so. Behind the scenes there are the same cashflow and staffing issues as any other small business.
The lead up to the end of the financial year is a great time to understand how well your business has performed this past year, and what your targets are for the next year. This is where a financial roadmap, which incorporates a budget and a cashflow forecast, comes in handy.
Having your accountant do your reporting might cost you a little extra, but there are a number of serious benefits to having an experienced professional look closely at important business figures.
