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5 WAYS TO MANAGE A CASH CRUNCH

A little while back we went through the one report I believe every business owner needs right now, which is known as a 13-week cash flow forecast.

The insights from this report will help you be decisive and allow you to act, giving your business every chance of meeting these challenges head-on.

Are you confident you have enough cash in your business for the next few months?

What business owners need to know about a cashflow forecast

There is no doubt that many businesses are going through challenges that seem insurmountable at the moment.

One report I recommend every business owner should look at is a 13 week rolling cashflow forecast.

This will give insights on the potential cash coming in, and cash going out of the business over the next few months. Importantly it will indicate where the gaps might be.  

5 bloody boring tax tips to save you THOUSANDS OF DOLLARS!

Tax season is finally over – it was due last week! – so we’re now thinking about the end of the financial year which is just 5 weeks away.

Now, I know tax is a bloody boring subject for most of you but just think if I was offering to transfer $5,000 to your bank account for very little effort, you’d take it right?

So, stop wasting your money!

This is your opportunity to save money from a few simple tricks that are perfectly legal and ethical, and they’ll save you a bunch of hard-earned cash.

Here’s five bloody boring tax tips to save you THOUSANDS OF DOLLARS at June 30;

5 simple steps in setting up your self-managed super fund

Superannuation

Welcome to our final blog in our SMSF series! In part one we discussed the main things you need to know if you’re thinking about having an SMSF.

In part two, we outlined the top 7 mistakes we see in running an SMSF, and how to avoid them.

We close out the series by briefly outlining how you can go about setting up an SMSF.

7 mistakes in running a self-managed super fund (SMSF)

Thinking about an SMSF? Here’s part 2 of a 3 part series on what you need to know…

Running a SMSF isn’t all rainbows and unicorns, and there’s no shortage of bad decisions you can potentially make when it comes to your money. So here’s a few things to avoid on the SMSF path.

Here’s my top 7 mistakes when running an SMSF;

Want a Self-Managed Super Fund?

Here’s part 1 of a 3 part series on what you need to know…

Self-managed super funds (SMSFs) are often a topic for discussion when there’s an asset boom like there is right now. Everyone feels like an investment hero when the tide is rising but you need to keep your wits about you, and SMSFs are no exception.

3 reasons credit cards suck and what to do about it

I’m not going to lie to you, I hate credit cards with a passion!

When the average interest rate for a home loan is sitting at a paltry 2.5%, credit card providers are still charging 20%. Yes, SERIOUSLY 20%!

Pandemic DAY TRADING surges …but don’t give away your profits to the tax man!

The share market has risen 35% in the past 12 months so anyone who’s owned shares has enjoyed the meteoric rise.  The volatility in the market has brought out the day traders in droves.

Too many traders don’t consider the tax effects of their actions whilst at the same time bragging about the gross returns.  But those returns can be heavily impacted by the frictional costs of transactions and taxes.

4 ways to fix your cash flow problems

As we experience yet another Covid lockdown and lockout across the country, and now without the JobKeeper safety net, it highlights the importance of cash flow in Australian businesses.

How do YOU manage YOUR cash flow?

Would you drive your car blindfolded?

How long would you last before you crashed whilst driving blindfolded? The answer is obviously not long. Even if you knew the road and drove it every day you’d still crash within a short distance.

Yet hundreds of thousands of small business owners run their business’s exactly like that because they have no optics on their financials. No optics, no direction, no destination!