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A hand up for small businesses on cash flow

The ATO has produced a “Cash Flow Coaching Kit”, which is a free resource and designed as a value-add advisory tool for small business owners. It does not replace any existing accounting or financial tools, although it can be used…
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Make sure you update your ABN: It can be vital

Government agencies regularly access data contained in the ABN registration, and where this is not up-to-date the taxpayer may be missing out on stimulus measures, grants, and other government support. This became painfully evident during the…
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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…
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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…

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…

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…
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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, but…
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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…
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If you’re in business, you need to know about the PPSR

There is a simple step that many businesses can take to better manage the risk that can attach to certain assets Not so many years ago, a new scheme was introduced, which also established a national register, that could affect anyone who…