It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support overheads and other cash demands on the business, then
Are you in control of the spending in your business? Do you set budgets and monitor them monthly? We can help you trim the fat but not the muscle when it comes to reviewing your expenses. Get in touch to find out how! #Cashflow #FixTheCauses #TrimTheFat
Don’t let poor margins destroy your cashflow and working capital. Seemingly small changes can have a massive impact on your gross profit margin and put more cash in your bank account. We’ll show you the best strategies to do this for your business #Cashflow #FixTheCauses
The right debt and capital structure makes a huge different to the cashflow in your business. We can help you prepare a Cashflow Forecast and make simple changes to your debt and capital structure to give you more cash. Get in touch! #Cashflow #FixTheCauses
Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill
When was the last time you reviewed your accounts payable process? Have you compared your current suppliers’ pricing with competitors’ prices? Make sure you’re not paying more than you need to. Talk to us about how we can help maximise your cashflow #Cashflow #FixTheCauses
Do you understand your cash lockup? Having your cash locked up in WIP or accounts receivable is a key cause of poor cashflow. We can help you create billing and collections processes to reduce your lockup. Get in touch! #Cashflow #LockUp #FixTheCauses
Profitable businesses can and do fail because of poor cashflow. There are 7 key causes of poor cashflow. We can help refine your processes to fix the causes instead of treating the symptoms. Get in touch now! #Cashflow #FixTheCauses #MoreMoneyInTheBank
Errors on your Business Activity Statement may result in you paying too much GST or not enough. Is your business growing in complexity, or are the compliance obligations becoming challenging? We’ll help make it effortless and accurate every time.
Concerned about employee performance? Before showing the door of opportunity, consider if you’re providing enough training and support, or are employee skills and attitude the problem? We can help you improve your people and build a #HighPerformance team
Spending too much time #Managing and not enough time #Governing? Not sure what the difference is? Neglecting your governance role can lead to business failure. We can help you learn to separate your governance role from day to day operations!
Do your employees sacrifice salary to super? New rules now apply that may affect how much super you need to pay for employees. Talk to us now about reviewing employee remuneration agreements so you don’t get caught out by the new requirements.
Recent changes made by the Fair Work Commission mean that you need to review employment agreements to ensure they are compliant with the award requirements. We can help with the #redtape ! Book a payroll review with us now.
If you have not paid superannuation guarantee for annual leave loading, and you don’t have evidence to demonstrate the loading is for lost overtime, there is a risk that you have superannuation guarantee shortfalls and may be liable for the superannuation guarantee charge.
Make a plan – I’m passionate about seeing our SME clients grow, yet I’m constantly frustrated in my attempts to support and assist these businesses
We all need to remember that we are entitled to pay as little tax as we are legally obligated to. This right is fundamental to
If you have 19 or less employees, Single Touch Payroll (STP) will be required as the mandatory required way of reporting tax and super information to the ATO as of 1 July 2019.
I work with a lot of SME type businesses, but, I have also worked with large corporates and listed entities during my career. A significant
If your business has provided any benefits to yourself or your employees, you need to be aware of your reporting obligations. Fringe Benefits Tax (FBT)
If you or your business holds a QBCC license then you need to be aware of the changes that have come into effect from 1
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations. Tax deductions denied If taxpayers do not meet their PAYG withholding tax obligations, from
At the end of each financial year you may need to lodge PAYG withholding annual reports (Payment Summaries) with the Australian Taxation Office (ATO). You