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How to improve your business's financial position

An important part of your business plan should be to improve the financial position of your business. Follow our steps to improve your financial position and cash flow. You don't have to use all the steps, or follow them in any particular order.…
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Small business insolvency reforms now in place

Insolvency reforms that will allow small businesses to restructure their debts or wind up their operations faster have now kicked in. Changes to Australia’s insolvency framework have been in effect since 1 January 2021, allowing eligible…
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Small Business Burnout? Use This Time To Rest, Rejuvenate, And Reframe Your Business Strategy

It's been a hell of a year, hasn't it? Between the pandemic and politics—not to mention the day-to-day stressors the average small business has—it's been challenging to keep our heads above water, let alone think about the future. But…

New RBA report reveals how important JobKeeper has been during the coronavirus recession

JobKeeper has been described as a “country-saving moment”, with a new report revealing just what role the wage subsidy played during the pandemic. Job losses would have doubled during the coronavirus pandemic if the federal government…

ATO to allow extended time for minimum yearly repayments on Div 7A loans

In these COVID-19 times, concerns about Div 7A applying are understandable. Some borrowers are facing circumstances beyond their control, and even making the minimum yearly repayments required under complying loan agreements may be out of reach. The…
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Federal Budget 2020-21

We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and extracting something reliable is fraught with difficulty. The Treasury has given its best estimate,…
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Getting your bills paid on time

Running your own business can be extremely rewarding but there will always be times when it will be quite the opposite. Depending on the business, many factors will determine the success or failure of a small enterprise however the most common…
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Businesses can claim previous year tax losses

If your business has made tax losses in years to the current one, but you haven't yet offset all those losses, you can still carry these forward and claim a deduction for them in a later year — as long as you meet all the requirements of the…
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Cashflow options for your business

FinCare's Senior Business Finance Manager discusses with you options to preserve and protect cashflow for your business. Why your business needs to consider options NOW? What would happen to your business if a key customer didn’t pay? Can…