Posts

Four Ways to Finance Your Business Growth

In business, there is such a thing as a ‘good problem’

One example is a business which provides a good product or service in high demand by customers.

The business needs to produce more and invest in marketing, sales, and customer management. There’s an opportunity to grow which should be good news… but what happens […]

Director penalty notices

Directors obligations and personal liabilities for PAYG withholding, SG Charge and GST

In March the ATO will be contacting relevant clients via letter to inform them about their potential personal liability for company tax debts under the Director Penalty Notice (DPN) program.

The letter will be sent to directors of companies if the company has […]

Simplifying small business insolvency

What Directors need to know about Australia’s new insolvency rules

On 1 January 2021, new laws came into effect that simplified debt restructuring and liquidation framework for small business.

Drawing on the US’s Chapter 11 bankruptcy model, the new system aims to accelerate the insolvency process, reduce costs and, where possible, restructure to help the […]

5 Steps to Stronger Cash Flow Management

Recent conditions reveal that some businesses struggling while others ‘going gangbusters’

Businesses at both of these extremes share one priority… which is to carefully manage cash.

Here are our recommendations to help you avoid risk and make the most of your cash resources:

1. Finance Processes Matter

It sounds obvious… but some organisations still lose invoices, […]

Last Minute Tax Minimisation Tips

6 Final reminders of how to reduce tax for 2020

EOFY Reminders & Action Items

As a business owner, there are many obligations that you need to consider and action just before and after 30 June.

Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. […]

COVID-19 Cash Flow Boost

Boosting Cash Flow for Employers

Cash Flow Boost not to be offset against existing tax debt in some situations.

The Tax Office has announced that the cash flow boosts will be applied to reduce liabilities arising from the same activity statement but will not be offset against existing BAS debt but rather refunded to you.

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