cash flow Archives - The Accountants

Your first business plan

3 April 2024 No Comments

This article provides a structured guide for new business owners in Australia on writing their first business plan. It covers the executive summary, market analysis, business model, marketing and sales strategy, operational plan, management team, financial projections, funding, risk analysis, and the importance of an appendix. The focus is on creating a detailed, realistic, and adaptable business plan as a foundation for business success.

Offering credit to business clients

1 April 2024 No Comments

This article provides a guide for business owners on offering credit to business clients. It covers assessing creditworthiness, setting terms of trade, using the PPSR, managing risks, and the importance of legal compliance and professional advice. The focus is on strategic and cautious credit extension to safeguard business interests.

What is a company and how it works?

25 March 2024 No Comments

This article provides a comprehensive overview of using a company structure for your business. It covers what a company structure entails, setup procedures, tax implications, director responsibilities, financial management, benefits, considerations, and the importance of seeking professional advice. The article aims to guide business owners in making informed decisions about structuring their businesses for optimal operation and compliance.

Basics of Buying a Business

19 March 2024 No Comments

This article provides a comprehensive guide for new business owners on buying a business. It covers assessing goals, financial assessment, due diligence, business valuation, legal considerations, negotiating the sale, financing, transition planning, and the importance of professional advice. Thorough preparation and informed decision-making are emphasized as crucial for a successful business acquisition.

Cash flow basics

18 March 2024 No Comments

This article provides practical strategies for business owners to improve their cash flow. It covers efficient invoicing, receivables management, expense control, maintaining a cash reserve, effective inventory management, cash flow forecasting, financing options, revenue maximisation, and seeking professional advice. Effective cash flow management is crucial for the financial stability and growth of a business.

What is payroll tax?

11 March 2024 No Comments

This article provides a detailed overview for Australian business owners on payroll tax, including its definition, importance in budgeting, calculation, managing obligations, and understanding state-specific requirements. Accurate budgeting for payroll tax is emphasized as vital for financial planning, compliance, and profitability.

Cash flow basics for business

19 February 2024 No Comments

Effective cash flow management is vital for the success and sustainability of a business in Australia. It requires diligent tracking, strategic planning, and proactive management of both inflows and outflows. By understanding and applying the basics of cash flow management, businesses can navigate through financial challenges and capitalise on growth opportunities. Regular consultation with financial advisors or accountants can also provide valuable insights and strategies tailored to specific business needs.

Understanding GST in Your Business: Navigating the Goods and Services Tax

14 February 2024 No Comments

The Goods and Services Tax (GST) is a broad-based tax of 10% on most goods, services, and other items sold or consumed in the country. As a business owner, understanding how GST impacts your operations is crucial for compliance and effective financial management. This article provides an overview of the essentials of GST in the Australian business context.

Understanding your farming business

30 January 2024 No Comments

Cash flow planning is crucial for the success of any business, including farming. Due to the cyclical nature of agriculture and the dependency on external factors like weather and market prices, farmers must pay special attention to managing their cash flow. Effective cash flow planning ensures that a farm can meet its operational expenses, invest in necessary equipment and inputs, and remain financially viable. This article explores strategies for effective cash flow planning in a farming business.