This article has been published with savvysme.com.au. The link is shared below. Keeping up-to-date with ATO Debt and tax payments is not only a challenge for struggling cash strapped SMEs. Growing SMEs have the challenge of juggling growing and catch-up tax commitments with day-to-day expenses and the out-of-ordinary costs of a growing business. The […]
WARNING : ATO Debt : Tax Man Bullying In The Small Business Playground – How To Tackle It
[VIDEO] Tracking costs for products and services – Which ones?
I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. But, exactly what costs should you be tracking to get accurate information relating to profit and cash flow for each relative service should you be tracking?
[VIDEO] Keeping business and personal financial transactions separate
Sole Traders often ask me what costs they need to take into account in their business. A sole trader is just the structure of the entity that you’re using to run your business through. Whether you’re a sole trader, in other words you use your own name and are being taxed in your own name, […]
[VIDEO] The Dangers of Drawing on Your Business Profits
Many business owners are not necessarily being paid a salary, in other words they’re not being paid a salary through the payroll but instead they are drawing profits as and when funds are available. But how does this affect your business and does it have an impact on your business?
[VIDEO] The problem with delegating ordering tasks to staff
When I first met with this particular client he had huge cash flow problems in his business. When we sat down and spoke about these issues whilst working on the performance review for his business, we realised that there was a trend. The Challenge… His staff, who had full control over ordering the stock in […]