by Peter McCarthy | Jun 11, 2020 | Business Management
Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow means keeping track of how much money enters and leaves their business, but there’s more that goes into cash flow forecasts than that. Cash flow...
by Peter McCarthy | May 28, 2020 | Accounting, Business Management
The COVID-19 pandemic has proven challenging for many small business owners. It’s challenging to run your business remotely, especially if you’re not set up to do so. If you run a business that requires customers or clients to come to you, you might be...
by Peter McCarthy | May 21, 2020 | Accounting, Business Management
Your “Cash War Chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unforeseen costs or emergencies. Creating a cash reserve when finances are tight, however, can be challenging. You need money to...
by Peter McCarthy | Apr 24, 2020 | Taxation
The ATO says it can help if you have lost tax records due to a natural disaster such as a bushfire. It says it can achieve this by providing on-site visits to help you reconstruct lost or destroyed tax records and/or assistance to work out reasonable estimates if you...
by Peter McCarthy | Apr 22, 2020 | Business Management, Taxation
If you are running a business, you can no longer claim deductions for payments to employees/workers if you have not met your Pay As You Go PAYG Withholding obligations. What is PAYG Withholding? As an employer, you have a role to play in helping your payees meet their...
